Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Lamar accepts tenders for $120,415,000 of 2.875% convertibles
By Jennifer Chiou
New York, July 15 - Lamar Advertising Co. said it obtained tenders for $120,415,000, or 90.2%, of its $133,567,000 of 2.875% series B convertible notes due 2010, adding that it accepted all tendered notes.
The offer ended at midnight ET on July 14, previously prolonged from July 9.
The company had previously increased the purchase price to $977.50 per $1,000 principal amount of notes from $960.00. Holders also received accrued interest up to but excluding the payment date, which was July 15.
The tender offer began on June 11.
J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC were the dealer managers. Global Bondholder Services Corp. (866 857-2200 or 212 430-3774 for banks and brokers) was the information agent.
Lamar is a Baton Rouge, La.-based provider of outdoor advertising services.
© 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.