Published in Physician Law Weekly, May 25th, 2005
The company issued $86.25 million principal amount of its 4.875% convertible senior subordinated notes in connection with the repurchase of $120 million of its former 11% senior notes on June 30, 2004.
The terms of the 4.875% senior notes give the company the right to provide a notice of redemption to noteholders in the event that the closing price of Matria's common stock exceeds 150% of the conversion price for at least 20 trading days in any consecutive 30 trading days preceding the...
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