Convertible Debenture

(redirected from Convertible Debentures)

Convertible Debenture

An unsecured, convertible bond. That is, a convertible debenture is a bond with no collateral that may, at the bondholder's discretion, be exchanged for common stock in the company issuing the bond. See also: Compulsory convertible debenture.
References in periodicals archive ?
00 as previously announced on December 13, 2017) pursuant to the Agents Option (as defined below) through the issuance of unsecured convertible debentures (the Convertible Debentures) at a price of CDN$1,000.
Apollo Gold Corporation (TSX: APG) (AMEX: AGT), a US-based mining company that explores for gold and other metals, has reached an agreement with RAB Special Situations (Master) Fund Limited (RAB), the largest holder of unsecured convertible debentures of the company due February 23, 2009, to extend the maturity date of the convertible debentures held by RAB.
The consideration under TDC's increased offer, SEK95 per share and convertible debentures, is higher than the consideration under Tele2's offer, SEK85 per share and convertible debentures, according to the company.
461203AD3) (the "Convertible Debentures") have become convertible at the option of the holders beginning on July 1, 2011 and will remain convertible through September 30, 2011, as provided in the Indenture relating to the Convertible Debentures, dated as of February 12, 2007, between Invacare and Wells Fargo Bank, N.
Donnycreek or the Company ) reports that it has elected to redeem all of its outstanding ten percent (10%) redeemable, convertible, unsecured debentures due June 15, 2014 ( Convertible Debentures ) with such redemption to be effected on June 30, 2013.
In accordance with the terms and conditions of the tender offer, and based on a preliminary count by Mellon Investor Services LLC, the depositary for the tender offer, Pixelworks expects to accept for payment $50,000,000 aggregate principal amount of convertible debentures plus $248,000 aggregate principal amount of convertible debentures pursuant to Pixelworks' right to purchase up to an additional 2% of the outstanding convertible debentures without extending the tender offer in accordance with applicable federal securities laws at a purchase price of $740 per $1,000 principal amount, for a total cost of approximately $37,184,000.
Under the "Modified Dutch Auction" procedure, Pixelworks is offering to purchase, for cash, up to $50 million aggregate principal amount of the outstanding convertible debentures at a price not greater than $750 nor less than $680, per $1,000 principal amount, plus accrued and unpaid interest thereon up to, but not including, the date of purchase of the convertible debentures.
Interest on the convertible debentures will accrue at a rate of 12% per year for the first year following the closing and 18% for the second year and will be payable in cash on the first anniversary of the closing date and on the maturity date.
On or prior to the close of business on February 27, 2007, holders of the 5% Convertible Debentures being called may convert their 5% Convertible Debentures into shares of common stock of Meridian Bioscience at a conversion price of $9.
the "Company") issued a press release announcing that it had entered into an agreement with Cornell wherein terms were defined for the full redemption of the 7% secured convertible debentures issued on March 10, 2006 and the 7% secured convertible debentures issued on March 14, 2006, and for the concurrent cancellation of certain warrants to purchase 16,250,000 shares of the Company's common stock.
Effective August 1, 2006, Hartville entered into a Conversion Agreement and Release with the holders of the two year convertible debentures due November 2006.