Willbros holders choose not to put back 6.5% convertibles due 2012

By Susanna Moon

Chicago, Dec. 15 - Willbros Group, Inc. said investors opted to forgo the put option on its $32.05 million of outstanding 6.5% convertible senior notes due 2012.

Holders could require the company to purchase the convertibles in cash at par plus accrued interest on Dec. 15.

The put option expired at 5 p.m. ET on Dec. 13.

Bank of Texas, NA is the paying agent.

Willbros is an oil, gas and power services company based in Houston.

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