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.
More Articles on Medical Facilities Corporation:
Medical Facilities Corporation Discloses Dividend for February
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Medical Facilities Corporation to Acquire 51% Interest in Arkansas Surgical Hospital
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