ExpressJet to repurchase 4.25% convertibles

By Angela McDaniels

Seattle, Feb. 10 - ExpressJet Holdings Inc. will begin repurchasing its 4.25% convertible notes due 2023 from time to time in the open market or in privately negotiated transactions, according to a company news release.

The company's board of directors authorized the inclusion of the convertibles in the company's $30 million securities repurchase program, under which ExpressJet has repurchased $5.6 million of common stock since July 2005.

At Sept. 30, the company had $137.2 million of the convertibles outstanding, according to a 10-Q report filed with the Securities and Exchange Commission.

Houston-based ExpressJet is a regional airline that provides service to Continental Airlines at Houston, Cleveland and Newark.

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