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Published on 2/16/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Pier 1 Imports pays $17.1 million for 6.375% convertibles put Tuesday

By Susanna Moon

Chicago, Feb. 16 - Pier 1 Imports, Inc. said it redeemed all of its outstanding 6.375% convertible senior notes due Feb. 15, 2036.

The convertibles were putable at par plus accrued interest on Feb. 15.

Pier 1 paid $17.1 million for the convertibles, which included accrued interest.

The company is a Fort Worth-based specialty retailer.


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