UNS Energy calls all 4.5% convertible notes due 2035

New York, May 25 - UNS Energy Corp. said it will redeem all its 4.5% convertible senior notes due 2035 on June 11.

There is currently $35 million of the original $150 million of the notes outstanding.

UNS, formerly UniSource Energy Corp., will pay par plus accrued interest.

Holders can convert the notes into stock up until 5 p.m. ET on June 8 at a rate of 29.001 shares per $1,000 principal amount, or a price of $34.48. UNS stock closed at $37.15 on Friday.

UNS is a Tucson, Ariz., electricity and natural gas utility.

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