Aveo holders put back $87.4 million of 8% guaranteed convertibles; remaining $1 million called

By Jennifer Chiou

New York, Jan. 6 - Aveo Group announced that holders exercised their right to put back $87.4 million of their 8% guaranteed convertible notes.

The company said it will redeem the last $1 million of the notes still outstanding after settlement of the put option.

Redemption is slated for Feb. 7.

Aveo operates retirement communities throughout Australia and has corporate offices in Sydney and Brisbane.

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