Mercury Interactive noteholders put back all zero-coupon convertibles

By Angela McDaniels

Seattle, Nov. 1 - Mercury Interactive Corp. said holders of its zero-coupon senior convertible notes due 2008 put back all of the convertibles to the company on Tuesday.

Mercury will pay $1,072.50 per $1,000 principal amount of notes for a total purchase price of $536.3 million, according to a company news release.

The put option was granted to noteholders who gave consent during a consent solicitation Mercury Interactive held in May in order to waive any default or event of default related to the company not filing its financial reports with the Securities and Exchange Commission and the trustee of the notes on time.

MacKenzie Partners, Inc. (212 929-5500) was the information agent for the put.

Mercury Interactive is an enterprise software company based in Mountain View, Calif.

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