Ener1 to redeem remaining secured convertible debentures due 2009

By Jennifer Chiou

New York, March 13 - Ener1, Inc. will call its remaining senior secured convertible debentures due March 2009, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem the notes at 103% plus accrued interest on April 9.

Ener1 said it previously called its senior secured convertible debentures due January 2009 on Feb. 22, adding that any unconverted debentures will be prepaid at 101% plus interest after March 24.

As of March 12, the remaining principal amount of the 2004 debentures and 2005 debentures was $2,834,048 and $725,000, respectively.

Fort Lauderdale, Fla.-based Ener1 is an alternative energy technology company.

© 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.