NDCHealth to redeem 5% convertibles

New York, Nov. 27 - NDCHealth Corp. said it will redeem its outstanding 5% convertible subordinated notes due Nov. 1, 2003.

The Atlanta health information services company will call the notes on Dec. 26 at a price of $1,007.14 per $1,000 principal amount plus accrued interest.

NDCHealth said it expects to pay $144.8 million plus accrued interest to redeem the notes.

Holders may convert the notes up to the close of business on Dec. 24 at the rate of 28.8 shares per $1,000 principal amount, or a price of $34.72. NDCHealth stock closed at $17.90 Tuesday.

Further information is available from the note trustee Bank One Trust Co., NA at 800 346-5153.

NDCHealth was required to redeem or extend the maturity of the convertibles to after May 1, 2005 under the terms of its $150 million revolving credit facility otherwise the revolver would have terminated on May 1, 2003.

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