| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Link Theory says put options exercised for ¥350 million zero-coupon convertibles due 2018
By Angela McDaniel
Tacoma, Wash., April 22 - Link Theory Holdings Co., Ltd. said the holders of ¥350 million of its zero-coupon convertible bonds due 2018 elected to have their convertibles redeemed early.
The convertibles will be redeemed on May 12, according to a company announcement.
The convertibles are putable at par on May 12 of 2009, 2012 and 2015.
The redemption will reduce the principal amount of convertibles outstanding to ¥10.35 billion from ¥10.70 billion.
As previously reported, the company plans to call the bonds at 104% of par by May 29.
Holders of ¥9.36 billion, or 91.67%, of the convertibles approved amendments needed in order to call the convertibles at a meeting on April 6, and Link Theory is now able to redeem that amount between the meeting date and Aug. 31.
Link Theory is a Tokyo-based based fashion 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.