Calgon Carbon issues 2.3 million shares in exchange for $11.6 million 5% convertibles

By Jennifer Chiou

New York, Oct. 24 - Calgon Carbon Corp. said it issued 2.3 million of its shares in exchange for $11.6 million of its 5% senior convertible notes due 2036.

The transactions settled on Wednesday and Thursday, leaving $8.2 million of notes outstanding.

On Sept. 4, the company said it issued 1.4 million shares in exchange for $7 million of the notes.

Prior to June 15, 2011, the notes are convertible only upon certain events, including the stock price trading at 120% of the conversion price or higher for a specified number of days. After that date, the notes will be convertible at any time.

The original $75 million of convertibles was issued in August 2006.

Calgon Carbon is a Pittsburgh-based provider of products and services for water and air purification.

© 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.