Delta Redeems Most Of 3.23 Percent Notes
Delta said it has redeemed almost all of its $800 million in 3.23% Convertible Subordinated Notes due June 15, 2003. The notes have been converted to about 10.1 million shares of common stock. Delta announced May 15 that it would redeem the notes June 15. The conversion will cut $46 million annually...
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