MSC.Software calls all 2.5% convertibles due 2008

By Jennifer Chiou

New York, May 18 - MSC.Software Corp. announced the redemption of its $67 million of 2.5% senior subordinated convertible notes due 2008.

The company will redeem the notes at par plus accrued interest up to but excluding June 16, the redemption date.

Noteholders may convert their securities before the close of business on June 15 at a conversion rate of 117.4398 shares per $1,000 principal amount of notes.

Santa Ana, Calif.-based MSC.Software provides enterprise simulation software and services. The company's stock closed down $0.25, or 1.25%, at $19.75 on May 18.

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