Amazon to redeem remaining €240 million of its 6.875% convertibles

By Susanna Moon

Chicago, Feb. 24 - Amazon.com, Inc. said it will redeem the remaining €239,998,000 principal amount of its outstanding 6.875% convertible subordinated notes due 2010 on March 27.

The company said it will pay par plus accrued interest from Feb. 16 through March 26.

Holders may convert the notes into common stock until the close of business on March 26. The current conversion price of the notes is €84.883.

The Bank of New York Mellon (800 254-2826) is the trustee and paying agent.

Amazon is a Seattle-based online retailer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.