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Lionsgate Announces Redemption of 4.875 Convertible Senior Subordinated Notes Due 2010.
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PR Newswire
- Article date:
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October 18, 2006
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Copyright informationCOPYRIGHT 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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SANTA MONICA, Calif. and VANCOUVER, British Columbia, Oct. 18 /PRNewswire-FirstCall/ -- Lionsgate , the leading independent filmed entertainment studio, announced today that it is sending a notice of redemption to the holders of its 4.875 convertible senior subordinated notes due 2010. Lionsgate sold $60.0 million of the notes in December 2003 as part of its funding of the acquisition of Artisan Entertainment.
Lionsgate will redeem the notes on the optional redemption date of December 15, 2006 at 100 of their principal amount, plus accrued and unpaid interest, if any. The noteholders will have the right to elect to convert their notes to the Company's common shares ...