Royal Host extends substantial issuer bid for convertibles to Dec. 12

New York, Nov. 28 - Royal Host Inc. said it has extended its substantial issuer bid for two series of its convertibles to 5 p.m. ET on Dec. 12 from the previous expiration of 5 p.m. ET on Nov. 25.

As announced on Oct. 17, the company is offering to buy up to C$15 million principal amount of its series B 6% convertible subordinated debentures due 2015 and up to C$10 million principal amount of its series D 5.9% convertible subordinated debentures 2014.

Royal Host is offering C$720 per C$1,000 principal amount of series B 6% convertibles and C$770 per C$1,000 principal amount of series D 5.9% convertibles.

Holders will also receive accrued interest.

Royal Host owns and operates hotels. It is based in Halifax, N.S.

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