Shuffle Master holders put nearly all 1.25% convertible notes at par

By Susanna Moon

Chicago, April 16 - Shuffle Master, Inc. said investors required the company to purchase $30.25 million, or 99.97%, of its 1.25% senior convertible notes due 2024 at par.

The put option expired at midnight ET on April 15.

There is $8,000 principal amount of the convertibles outstanding. The company may redeem the remaining outstanding convertibles beginning April 21.

Shuffle Master is a Las Vegas supplier of automatic card shufflers and special gaming tables.

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