Exchange Income to redeem all C$69 million 5.25% convertible debentures

By Wendy Van Sickle

Columbus, Ohio, July 12 – Exchange Income Corp. said it will redeem all C$69 million of its outstanding 5.25% convertible subordinated debentures due June 30, 2023.

The debentures will be redeemed at par plus accrued interest to but excluding the redemption date, which was not announced.

Holders will have the right to convert their debentures at C$44.75 a share prior to the redemption date.

The redemption will be funded by a new issuance of convertible debentures.

Exchange Income is a Winnipeg, Man.-based aerospace and aviation services and manufacturing company.

© 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.