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Invesque to redeem $20 million portion of 5% convertibles on Jan. 31
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Invesque Inc. delivered a notice of redemption to holders of its 5% convertible debentures due Jan. 31, 2022 that the company will redeem a $20 million portion of the debentures on Jan. 31, according to a press release.
The redemption price per $1,000 principal amount will be $1,025, which includes a $25 interest payment.
In accordance with the amendments approved on Nov. 15, the interest rate will increase to 7% on Jan. 31.
The issuer is a Toronto-based health care real estate company.
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