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Wind River calls 5% convertibles due August 2002
New York, Jan. 8 - Wind River Systems, Inc. said it is calling its 5% convertible subordinated notes due August 2002.
The notes will be redeemed on Jan. 30 at 101% of principal plus accrued interest. Holders may convert their notes until 5.00 p.m. ET on Jan. 29 at a price of $32.33 per share or 30.93 shares per note. Wind River stock closed at $18.38 on Monday.
The Alameda, Calif. software company said it has $58.1 million principal amount of the notes outstanding.
In December Wind River sold a new issue of $125 million of five-year convertible notes with a yield of 3.75% and a conversion price of $24.115 for an initial conversion premium of 30%.
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