Greyhound Lines to redeem 8.5% convertible debentures

By Jennifer Chiou

New York, June 30 - Greyhound Lines, Inc. said it intends to redeem all its 8.5% convertible debentures due 2007 in connection with parent Laidlaw International, Inc.'s plan to recapitalize its balance sheet.

Until the close of business on July 20, holders may convert their debentures at $525.27 per $1,000 principal amount.

The intercity bus transportation company will redeem the debentures at 100% of the principal amount plus accrued interest to the redemption date.

Holders may surrender their notes to U.S. Bank NA.

Laidlaw International is a Naperville, Ill., holding company that provides transportation and health care services.

© 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.