DST to redeem all series A, series B convertible debentures due 2023

By Devika Patel

Knoxville, Tenn., Aug. 9 - DST Systems, Inc. said it plans to redeem all of its $84.1 million in outstanding 4.125% series A convertible senior debentures due 2023 as well as its $168.2 million in outstanding 3.625% series B convertible senior debentures due 2023 on Sept. 9.

The company previously announced that holders may put the series A debentures on Aug. 15.

The redemption and put will be funded with proceeds from a $370 million offering of notes that settled Aug. 9.

The Bank of New York Mellon (800 254-2826) is the trustee.

DST is a Kansas City, Mo., provider of information processing and software services.

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