Hutchinson Technology calls $11.89 million of 3.25% convertible notes

By Ashley Montgomery

Kansas City, Kan., Jan. 3 - Hutchinson Technology Inc. plans to redeem $11,885,875 of its 3.25% convertible subordinated notes due 2026, according to an 8-K filed with the Securities and Exchange Commission.

The notes will be redeemed on Feb. 2 at par plus accrued interest up to the redemption date.

Holders who wish to convert their notes prior to redemption, must surrender their notes by the close of business on Jan. 31.

Wells Fargo Bank, NA is the trustee.

Hutchinson Technology is a Hutchinson, Minn.-based designer and manufacturer of precision technologies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.