Exchangeable Debt

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Exchangeable Debt

A debt security that the holder may exchange, at a certain price, for common stock in the company other than the one that issued the debt security. The number of shares one receives for each security and the price one pays for those shares are determined when the exchangeable debt is issued. Most of the time, the common stock is in a subsidiary of the company that issued the exchangeable debt. Exchangeable debt is a low-risk investment, but it affords the investor a great amount of leeway because he/she can exchange it for another security with higher risk and a higher return. Exchangeable debt operates like a convertible bond; the main difference is the fact that in a convertible bond the common stock that one may buy is the stock of the company issuing the bond rather than that of a subsidiary.
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8 million in accrued interest on the Exchangeable Notes.
America West Airlines has completed its private placement of USD75m issue price of its Senior Exchangeable Notes due 2023.
29 for each $1,000 principal amount of the exchangeable notes purchased pursuant to the tender offer, plus accrued and unpaid interest to, but not including, the date of payment.
50% Exchangeable Notes in effect on the expiration date, multiplied by (2) the arithmetic average of the daily volume-weighted average prices of the Company's common stock on the New York Stock Exchange over a 15 consecutive trading day period beginning on March 5, 2014 and ending on March 25, 2014.
America West Airlines is planning to sell USD75m issue price of Senior Exchangeable Notes due 2023.
Upon the terms and subject to the conditions set forth in the Offer to Purchase, holders whose exchangeable notes are validly tendered (and not validly withdrawn) and accepted for purchase by Medical Properties Trust before the expiration of the tender offer, which is 12:00 midnight, New York City time, on July 13, 2011 (inclusive of July 13, 2011), unless extended or earlier terminated by Medical Properties Trust, will receive $1,185.
50% Exchangeable Notes are strongly advised to carefully read the Company's preliminary prospectus, the related letter of transmittal and the related exchange offer documents to be filed with the Securities and Exchange Commission, as they will contain important information, including the various terms of, and conditions to, the proposed exchange offer.
82,000,000 aggregate principal amount of the exchangeable notes were outstanding as of June 15, 2011.
The shelf registration statement will allow electing holders of the exchangeable notes to effect resales of shares of NorthStar's common stock issuable upon exchange of their exchangeable notes (the "Exchange Shares") under one or more related prospectus supplements NorthStar plans to file upon or after the effectiveness of the shelf registration statement.
00% senior PIK exchangeable notes due 2017 (the "PIK exchangeable notes") to certain holders of its PIK toggle notes in exchange for $85.