CardioDynamics extends maturity on $5.25 million convertible note

By Sheri Kasprzak

New York, Dec. 5 - CarioDynamics International Corp. has extended the maturity on $5.25 million in subordinated convertible notes issued in April 2006.

The notes will now be due in five years, extended from three years.

Also, the amendment adds an investor put option under which the investors may choose to be repaid at the end of the third year.

The holders of the notes include Atlas Master Fund, Ltd.; Visium Balanced Fund, LP; Visium Balanced Fund Offshore, Ltd.; Visium Long Bias Fund, LP; and Visium Long Bias Fund Offshore, Ltd.

The 8% notes were first issued in April. The notes remain convertible into common shares at $1.15 each.

San Diego-based CardioDynamics manufactures non-invasive impedance cardiography products and medical device electrodes.

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