вторник, 1 мая 2012 г.

Vector Group registers debt for resale - South Florida Business Journal:

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The Miami-based tobacco and real estatew company said the filing is forits 3.875 percent variables interest senior convertible debenturex due 2026. The debentures were sold July 12 in a private placement, Vector (NYSE: VGR) said. Registering the stock is require d by a registration rights agreement Vector entered with the initialdebenture purchaser. The Securities and Exchangr Commission filing registering the debt and stocikshows 5.11 million shares are issuablre upon conversion of the debentures at $21.5o0 a common share.
The registered stock, Vector noted in the includes an indeterminate number of sharesz that may be issued in connectioj with astock split, stock dividend, recapitalization or similarf event. "We will not receive any proceeds fromthis offering," Vecto r said in the filing, noting its prospectus is to be used by securityholder s to resell their debentures and the commo stock issuable upon conversion of their Vector also said in the filing the debenturese will mature June 15, 2026, unless earliet converted, redeemed or repurchased.
However, the companty also said in the filing, the debentures are convertible at the option at any time following theie issue date until their maturity unless previously redeemed or repurchased into Vectocommon stock. Vector shares close up 18 centsto $17.37. The 52-week high was $20.83 on Nov. 7. The 52-week low was $15.198 on June 28.

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