Hynix holders put $547.7 million 4.5% convertible notes due 2012

By Devika Patel

Knoxville, Tenn., June 1 - Hynix Semiconductor Inc. said its holders have put $547.7 million of the company's $583.4 million in 4.5% convertible notes due 2012.

As a result, the company will buy back the convertibles at par plus interest on June 14.

Following this, there will be $35.7 million of the convertibles remaining outstanding.

Hynix is an Icheon, Korea, maker of semiconductor memories.

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