LeCroy notes to be sold
-
- December
- 29
LeCroy Corp., the Chestnut Ridge company that sells equipment that measures the electronic signals of computer chips, said 20 institutional investors plan to resell $72 million of notes and any stock issued in connection with the conversion of the notes.
The 4-percent senior notes are due in 2026, the company said in a filing with the U.S. Securities and Exchange Commission.
The company will not receive any proceeds from the sales. LeCroy said the notes were first issued to Cowen and Co. LLC, the investment banking brokerage company, in October.
The investor holding the largest amount of principal on the notes is Citadel Equity Fund Ltd., which owns $14 million, or 19.4 percent. LeCroy stock was trading at $11.52 a share, up 16 cents, at 1:45 p.m.
This entry was posted
on Friday, December 29th, 2006 at 2:47 pm by Allan Drury.
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