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Article: E*TRADE FINANCIAL Corporation Calls Convertible Subordinated Notes.
- Article from:
- PR Newswire
- Article date:
- March 14, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, March 14 /PRNewswire-FirstCall/ -- E*TRADE FINANCIAL Corporation announced today that it has called half, or approximately $92.6 million, of the remaining principal amount outstanding of its 6% Convertible Subordinated Notes due 2007 (the "2007 Notes") for redemption on Tuesday, April 4, 2006. The 2007 Notes bear CUSIP Nos. 269246AB0 and 269246AA2.
On or prior to the close of business on Monday, April 3, 2006, holders of the 2007 Notes may elect to convert their 2007 Notes into common stock of E*TRADE FINANCIAL Corporation at a conversion price of $23.60 per share by surrendering the 2007 Notes in accordance with the indenture to The Bank of New ...