Power-One calls all its outstanding 8% convertibles due 2013 at 139.29

By Susanna Moon

Chicago, July 2 - Power-One Inc. said it plans to redeem all of its outstanding 8% senior secured convertible notes due 2013 at 139.29% of par.

The redemption date is Aug. 11.

The Bank of New York Mellon Trust Co. NA is the trustee.

Power-One said its board of directors decided to issue the redemption at a meeting on June 25 after deciding the company had met the conditions for calling the bonds.

The convertibles were callable beginning June 17.

Camarillo, Calif.-based Power-One is a designer and maker of power conversion and power management products.

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