Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valassis Communications Inc. > News item |
Valassis holders put back 99.95% of secured convertibles due 2033
By Jennifer Chiou
New York, May 23 - Valassis Communications Inc. announced that it accepted puts for $239.67 million, or 99.95%, of its senior secured convertible notes due 2033.
The holders' right to require the company to purchase the securities ended at 5 p.m. ET on Wednesday.
On April 15, the company said that it drew down its about $160 million delayed-draw term loan, primarily to fund the exercise of put rights.
Following the put, $120,000 of notes remains outstanding.
Questions should be directed to the paying agent, Bank of New York Mellon Corp. (attn: David Mauer, 212 815-3687).
Valassis is a Livonia, Mich.-based marketing services company.
© 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.