The expiration will occur in accordance with the terms of the trust indenture dated as of April 15, 2008. To convert the debentures, make arrangements well in advance of the expiration date so that all documentation is received. The aggregate principal amount of debentures currently outstanding is $41.9 million and the company will draw funds from its existing credit facility to repay the debentures not yet converted at the time of expiration.
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Medical Facilities Corporation Announces Conversion Privilege Expiration
Medical Facilities Corporation has announced that the conversion privilege associated with its 7.5 percent Convertible Secured Debentures maturing on April 30, 2013 will expire on 5p.m. on that date.
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