Arris calls 2% convertibles due 2026; notes also putable till Nov. 14

By Susanna Moon

Chicago, Oct. 17 - Arris Group, Inc. said it called its $232 million outstanding 2% convertible senior notes due 2026.

The company will redeem the notes at par plus accrued interest up to the redemption date of Nov. 15, according to a press release.

Holders also may put the convertibles at par plus accrued interest to Nov. 15 through 11:59 p.m. ET on Nov. 14.

In either case, holders must be record as of Nov. 1.

The company said on Oct. 16 that the notes also are convertible through 11:59 p.m. ET on Nov. 15.

The Bank of New York Mellon (Kristine L. Prall, 770 698-5184) is the paying agent and conversion agent.

Arris is a Suwanee, Ga.-based communications technology company.

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