Business News • MarketWire • Element Fleet Announces Debenture Conversion Price Adjustments |
Element Fleet Announces Debenture Conversion Price Adjustments |
|
|
Element Fleet Announces Debenture Conversion Price Adjustments
TORONTO, ONTARIO--(Marketwired - Oct. 19, 2016) - Element Fleet Management Corp. (previously Element Financial Corporation) ("Element Fleet" or the "Company") (TSX:EFN)(TSX:EFN.DB.A)(TSX:EFN.DB.B) today announced that further to its previous announcement on October 3, 2016, setting out the formula for the determination of the adjustment to the applicable conversion prices to the $345 million aggregate principal amount of 5.125% convertible debentures due June 30, 2019 (the "2014 Debentures") and the $575 million aggregate principal amount of 4.25% convertible debentures due June 30, 2020 (the "2015 Debentures", and together with the 2014 Debentures, the "Debentures") to give effect to the completion of its reorganization into two separate publicly-traded companies, implemented by way of statutory plan of arrangement, such adjustment to the conversion prices of the Debentures has now been determined in accordance with the formula further described in the Company's news release of October 3, 2016.
View More : http://www.marketwired.com/mw/release.do?id=2168254&sourceType=3
|
|
|