Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GlobalSantaFe Corp. > News item |
GlobalSantaFe to pay upcoming put in cash
New York, May 25 - GlobalSantaFe Corp. said it will pay the upcoming put on its zero-coupon convertible debentures due June 2020 in cash.
The securities are putable up to 5 p.m. ET on June 23 at a price of $594.25 per $1,000 principal amount.
If all the securities are put back, the Houston drilling contractor will pay $356.6 million in cash.
The company has the option to pay the put in cash, stock or a combination.
© 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.