Matria Healthcare, Inc.

Healthcare company announces notice of redemption

Published in Physician Law Weekly, May 25th, 2005

Matria Healthcare, Inc., (MATR) announced that it has given notice of redemption to the noteholders of its 4.875% convertible senior subordinated notes due 2024.

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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Source: Physician Law Weekly (2005-05-25)

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