Transeastern Power get OK to delay interest payment date for 7.5% convertibles

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Transeastern Power Trust received the consent of holders to push back the interest payment dates for its initial 7.5% convertible unsecured subordinated debentures.

Following the holders’ passage of an extraordinary resolution, the payment dates have been extended to May 1 from Dec. 30 and Dec. 31, according to a press release.

Transeastern is an investment trust with renewable energy assets in Romania, Europe and other countries.

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