Walter Industries holders convert $800,000 of 3.75% convertibles in January

By Laura Lutz

Des Moines, May 9 - Walter Industries, Inc. said that holders agreed to convert the final $800,000 of its 3.75% convertible senor subordinated notes during January, according to a 10-Q filed with the Securities and Exchange Commission.

The notes converted into 84,013 shares of Walter's stock. Holders also received $100,000 in conversion inducement payments.

Walter Industries is a Tampa, Fla.-based company involved in homebuilding, financing, industrial products, natural resources and other businesses.

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