E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers C > Headlines for Continental Airlines Inc. > News item
Published on 1/31/2007 in the Prospect News Convertibles Daily.

Continental Airlines issues 4.26 million shares for 4.5% note conversions

By Jennifer Chiou

New York, Jan. 31 - Continental Airlines said it issued 4.26 million shares in exchange for about $170 million of its 4.5% convertible notes due Feb. 1, 2007.

Holders elected to convert their notes at a conversion price of $40.00 per share.

Continental's stock (NYSE: CAL) closed at $41.49 on Wednesday.

Houston-based Continental Airlines is the world's fifth largest airline.


© 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.