New York, May 22 - Kroll Inc. registered $30 million of its 6% convertibles due 2006 with the Securities and Exchange Commission on behalf of the holders of the securities.
The New York-based security services company issued the convertibles in November 2001, selling $20 million to Palisade Concentrated Equity Partnership, LP and $10 million to Pegasus Partners II, LP. Pegasus sold its holding to Deutsche Bank AG on April 26, according to the SEC filing.
Kroll stock closed at $20.35 Tuesday.
Terms of the convertibles are as follows:
| Issuer: | Kroll Inc.
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| Issue: | Senior secured subordinated convertibles notes
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| Amount: | $30 million
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| Maturity: | Nov. 14, 2006
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| Coupon: | 6%, payable semi-annually beginning May 14, 2002
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| Conversion price: | $10.80
|
| Conversion ratio: | 92.59
|
| Call: | Nov. 14, 2004 onwards at par
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