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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Liberty Global offers shares, cash in exchange for 4.5% convertibles
By Susanna Moon
Chicago, May 17 - Liberty Global, Inc. began an exchange offer for its $935 million of outstanding 4.5% convertible senior notes due 2016.
In exchange for each $1,000 principal amount, holders will receive 28.2602 series A shares, 9.4201 series C shares and $200 in cash, according to a company press release.
The company also will pay in cash accrued interest to but excluding the settlement date.
The exchange offer will end at 5 p.m. ET on June 15, and settlement is expected to occur on June 20.
Georgeson (866 482-4931) is the information agent for the exchange offer.
Liberty Global is an Englewood, Colo.-based cable operator offering advanced video, voice and broadband internet services.
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