CDC REJECTS NOTE CONVERSION
- Thursday, 10 December 2009
- News and Analysis
Normally debt conversion is not something I write a lot about. But with Trey Resources having renegotiated its debt, this very recent SEC filing by CDC Software was also interesting. CDC's affiliate, CDC Delaware Corp., holds $124.775 million in principal, which the company said represents 74.7 percent of the total outstanding on 3.75 percent Senior Exchangeable Convertible Notes due 2011.
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