ExpressJet to redeem $5 million of its 11.25% convertibles on July 9

By Jennifer Chiou

New York, May 26 - ExpressJet Holdings, Inc. said it will redeem $5 million of its 11.25% secured convertible notes due 2023 at par on July 9.

Holders will also receive accrued interest.

After the redemption, $38.6 million of the notes will remain outstanding, and the remaining balance under ExpressJet's securities repurchase program will be $16.6 million.

The Bank of New York Mellon is the trustee.

Houston-based ExpressJet operates as a regional airline under the name Continental Express.

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