Affiliated Managers calls all 3.95% convertible senior notes due 2038

By Marisa Wong

Madison, Wis., July 16 - Affiliated Managers Group, Inc. issued a notice of redemption on Tuesday to holders of its 3.95% convertible senior notes due 2038.

The notes will be redeemed in full on Aug. 15 at par.

The notes may be converted at any time before 5 p.m. ET on Aug. 14. Any notes not converted by that time will be redeemed on the redemption date.

The conversion rate is 7.9586 shares of common stock per $1,000 principal amount of notes, equivalent to a conversion price of $125.65 per share.

Affiliated Managers issued the notes in August 2008 with Bank of New York Mellon Trust Co., NA as trustee.

The Prides Crossing, Mass.-based asset management company's stock closed at $175.57 on July 15.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.