Business News • MarketWire • Royal Host Inc. Announces Substantial Issuer Bids for Its Series B and Series D Debentures |
Royal Host Inc. Announces Substantial Issuer Bids for Its Series B and Series D Debentures |
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Royal Host Inc. Announces Substantial Issuer Bids for Its Series B and Series D Debentures
HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 13, 2011) - Royal Host Inc. ("Royal Host" or the "Corporation") (TSX:RYL) (TSX:RYL.DB.B) (TSX:RYL.DB.C) (TSX:RYL.DB.D) announced today two substantial issuer bids (the "Offers" and each, individually an "Offer") pursuant to which the Corporation will offer to purchase for cancellation up to $15,000,000 aggregate principal amount of the issued and outstanding Series B 6.00% convertible unsecured subordinated debentures of the Corporation due October 31, 2015 (the "Series B Debentures") from holders of the Series B Debentures (the "Series B Debentureholders") and up to $10,000,000 aggregate principal amount of the issued and outstanding Series D 5.90% convertible unsecured subordinated debentures of the Corporation due June 30, 2014 (the "Series D Debentures" and, together with the Series B Debentures, the "Debentures") from holders of the Series D Debentures (the "Series D Debentureholders" and, together with the Series B Debentureholders, the "Debentureholders").
View More : http://www.marketwire.com/mw/release.do?id=1573113&sourceType=3
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