TIVO holders convert $6.2 million 7% notes ahead of redemption

By Caroline Salls

Pittsburgh, Jan. 28 - TIVO Inc. said holders elected to convert $6.2 million of its 7% convertible senior notes due 2006 into 1,553,883 shares of the company's common stock at a price of $3.99 per share.

One noteholder converted $4.5 million of the notes for 1,127,819 shares on Jan. 24, another converted $500,000 of notes into 125,313 shares on Dec. 21 and a third converted $1.2 million of notes into 300,751 shares on Jan. 19.

Alviso, Calif.-based TIVO redeemed $4.25 million of the notes for a price of par plus interest accrued up to but excluding the Jan. 25 redemption date.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.