Performance Food Group calls all $210.25 million of 5½% convertibles

Pittsburgh, Sept. 17 - Performance Food Group Co. will redeem all its $201.25 million outstanding 5½% convertible subordinated notes due Oct. 16, 2008 at a price of $1,031.429 per $1,000 principal amount plus accrued interest, according to a company news release.

The redemption date is Oct. 18.

Holders can convert their notes into shares of Performance Food Group common stock at a conversion price of $32.95 per share, or 30.349 shares per $1,000 principal amount of notes until the close on Oct. 15.

Performance Food Group stock closed at $22.94 on Thursday.

The company expects to fund the redemption with borrowings under its revolving credit facility.

Performance Food Groups is a Richmond, Va., marketer and distributor of national and private label food and food-related products.

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