Hexcel to redeem convertibles on April 21

New York, March 27 - Hexcel Corp. said it will redeem the remaining $46.9 million principal amount of its 7% convertible subordinated notes due 2003 on April 21 at par plus accrued interest.

The Stamford, Conn. advanced structural materials company said holders can covert the notes at a price of $15.81 per share up to 5.00 p.m. ET on April 17. Hexcel stock closed at $2.95 Thursday.

Triquint buys back $15.7 million convertibles

New York, March 27 - TriQuint Semiconductor, Inc. said Thursday it has bought back $76.2 million of its 4% convertible subordinated notes due 2007, up $15.7 million from the $60.5 million reported on Nov. 12.

The latest total was disclosed in a company filing with the Securities and Exchange Commission.

TriQuint originally sold $345 million of the convertibles in February 2000.

Harken buys back $11.5 million 5% convertibles

New York, March 27 - Harken Energy Corp. said it bought back $11.5 million of its 5% senior convertibles notes for $7.009 million.

The repurchase leaves $14.11 million of the convertibles outstanding.

The Houston oil and gas exploration and production company said it is continuing to pursue transactions to restructure or repurchase additional amounts of the 5% convertibles in order to minimize the balance outstanding ahead of the May 26, 2003 maturity date.

Harken added that it plans to redeem the convertibles for common stock on the maturity date.

Advanced Energy bought back $18.9 million convertibles

New York, March 27 - Advanced Energy Industries, Inc. bought back $18.9 million of its 5.00% and 5.25% convertible subordinated notes in October and November 2002.

The Fort Collins, Colo. company said in a filing with the Securities and Exchange Commission that it spend $14.5 million on the repurchases.

AES solicits noteholder consents

New York, March 27 - The AES Corp. said on Wednesday that it had begun soliciting the consents of holders of several series of its outstanding senior notes and convertible junior subordinated debentures to proposed indenture changes aimed at amending parts of those notes' indentures to generally bring those provisions into conformance with those contained in its recently issued senior secured notes due 2005, specifically, the addition of events-of-default to the indentures of the various series of notes. No such provisions are currently contained in those notes' indentures.

The notes involved in the consent solicitation are AES' 8% series A senior notes due 2008; its sterling-denominated 8 3/8% series F senior notes due 2011; and its 4½% convertible junior subordinated debentures due 2005.

The solicitation will expire at 5 p.m. ET on April 1, subject to possible extension. AES is offering a consent fee of $1.25 per $1,000 principal amount tendered to holders of record (as of the close of business on March 24) to the holders of the 8% notes and the 4½% convertible notes, and a consent fee of $2 per £1,000 principal amount of the 8 3/8% notes.

AES' obligation to accept consents and pay a consent fee to consenting holders is subject to numerous conditions which are set forth in the official consent solicitation statement.

AES was also continuing a similar consent solicitation, previously announced, involving several other series of its outstanding public debt.

The solicitation agent is Salomon Smith Barney (contact the Liability Management Group at 212 723-6106 or toll-free at 800 558-3745).

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