The 12 percent debentures
will be redeemed from proceeds realized from the sale of Chrysler Corporation common stock in February 1993 that have been set aside since the date of sale.
The net share settlement feature will allow PMI to satisfy its obligation due upon conversion to holders of the new debentures
in cash for a portion of the conversion obligation, reducing the share dilution associated with the conversion of the new debentures
The terms of the Renaissance loan agreement and the SLI convertible debenture
obligate Renaissance upon failure to consummate the merger or upon its termination to accept such convertible debentures
of Appoint in principal amount of $300,000 from SLI in complete satisfaction of, and in substitution for, the SLI convertible debenture
, and, upon, Renaissance's receipt from SLI of such convertible debentures
of Appoint, SLI will have no further liability to Renaissance under the Renaissance loan agreement and the SLI convertible debenture
The company is offering to exchange up to $45,647,600 aggregate principal amount of its new 7 percent collateralized senior subordinated debentures
for all of its original series debentures
, at the rate of $100 principal amount of new debentures
for each $100 principal amount of original series debentures
are convertible into shares of Oakwood's common stock at a conversion price of $11.
holders' opportunity to surrender Debentures
for purchase will commence on June 16, 2006, and will terminate at 5:00 p.
PHOENIX, May 4 /PRNewswire/ -- Del Webb Corporation (NYSE: WBB) today called for redemption, on June 1, 1992 (the "Redemption Date"), all of its $48,607,000 in principal amount of outstanding 10-3/8 percent Convertible Subordinated Debentures
due 2009 (the "Debentures
") at a price of $1,069.
with the James-Bay Development Society including accrued interest and royalties.
TORONTO -- Pursuant to a prospectus dated January 17, 2006, Welton Energy Corporation ("Welton") issued to all of its shareholders one right for each share held to acquire 8% Convertible Debentures
25% Convertible Subordinated Debentures
due 2026 to be issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Icefloe") (TSX VENTURE:ICY) is pleased to announce the closing of a brokered private placement of 10 % Senior Secured Convertible Debentures
") in the amount of $150,000 (the "Private Placement") on February 10, 2006.
announces that the period of convertibility of its Series B 2% Convertible Debentures
due May 1, 2024 and its 2% Convertible Debentures
due May 1, 2024 (CUSIP Nos.