Liz Claiborne converts holder's $22.6 million notes into stock

By Ashley Montgomery

Kansas City, Kan., April 4 - A holder of $22.6 million of Liz Claiborne, Inc.'s 6% convertible senior notes due 2014 has converted the notes into common stock, according to an 8-K filed with the Securities and Exchange Commission.

The notes were converted into 6,493,144 shares of common stock on Tuesday.

The company paid accrued interest through the settlement date in cash.

Liz Claiborne is a New York-based designer and marketer of retail-based brands.

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