Manpower says $98.789 million zero-coupon debentures converted before redemption

By Caroline Salls

Pittsburgh, March 30 - Manpower Inc. said holders of $98.789 million of its zero-coupon convertible debentures due Aug. 17, 2021 elected to convert their debentures ahead of redemption.

The debentures were converted into 1,378,670 shares of Manpower common stock.

The remaining $336.455 million of the debentures were redeemed for a cash payment of $206,580,005 using the company's existing corporate credit facilities.

Manpower is a Milwaukee-based employment services company.

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