Wild Oats to pay principal amount in cash on conversion of 3.25% convertibles

By Jennifer Chiou

New York, July 6 - Wild Oats Markets, Inc. announced it will pay cash up to the principal amount for any of its $115 million 3.25% convertible senior debentures due 2034 converted after July 1, according to an 8-K filing with the Securities and Exchange Commission.

Any value above the principal amount can still be paid in stock, cash or a combination of both.

Boulder, Colo.-based Wild Oats owns and operated natural and organic food markets.

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