Western Refining 5.75% notes due 2014 convertible April through June

By Susanna Moon

Chicago, March 18 - Western Refining, Inc.'s 5.75% convertible senior notes due 2014 are convertible from April 1 through June 30, according to an 8-K filing with the Securities and Exchange Commission.

The conversion right was triggered on March 17, when the last reported sale price of the company's common stock exceeded $14.04 for the 20th day in the 30 consecutive trading day period ending on March 31.

The company said it may pay for the notes with stock, cash or a combination.

Western Refining is an El Paso, Texas-based independent refining and marketing company.

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