Skip to main content to Redeem Remaining Convertible Notes


Seattle said Tuesday that it will redeem the remaining principal amount of its outstanding 6.875% of convertible subordinated notes due in 2010. The transaction is set for March 27.

The notes, which will be changed into common stock to subordinate other debt, will be redeemed at 100% of the principal amount at maturity.

They will also reflect accrued and unpaid interest from Feb. 16 through March 26.

Once the redemption is complete, there will no be outstanding notes. Shareholders can obtain copies of the redemption from The Bank of New York Mellon.

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