Sutter Rock lowers conversion price on 4.75% convertibles due 2023

By Marisa Wong

Los Angeles, Dec. 6 – Sutter Rock Capital Corp. announced it adjusted the conversion rate for its 4.75% convertible senior notes due 2023.

The rate was changed to $10.39 per share from $10.72 per share, effective as of Dec. 2.

The adjustment is a result of the company’s recently completed modified Dutch auction tender offer to repurchase shares of its common stock and its cash dividend payable on Dec. 12.

Sutter Rock is a San Francisco-based investment fund that seeks to invest in high-growth, venture-backed private companies.

© 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.