UniSource (UNS) Announces $40M Convertible Senior Notes Redemption
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UniSource Energy Corporation (NYSE: UNS) announced today that on March 28, 2012, it will redeem $40,000,000 in principal amount of its 4.50% Convertible Senior Notes due 2035 ("Notes") with CUSIP numbers 909205 AB 2 and 909205 AA 4. The principal amount of Notes for each CUSIP number to be redeemed is $39,700,000 for CUSIP Number 909205 AB 2 and $300,000 for CUSIP Number 909205 AA 4.
The Notes were originally issued in March 2005 in an aggregate principal amount of $150,000,000, of which approximately $115,000,000 remain outstanding. As described below, holders of the Notes selected for redemption have the option of converting their Notes into shares of UniSource Energy common stock before the date specified for redemption.
The Notes were originally issued in March 2005 in an aggregate principal amount of $150,000,000, of which approximately $115,000,000 remain outstanding. As described below, holders of the Notes selected for redemption have the option of converting their Notes into shares of UniSource Energy common stock before the date specified for redemption.
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