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Hutchinson Technology Inc. Message Board

  • unifihitch unifihitch Mar 29, 2012 9:48 AM Flag

    Remaining 3.25% bonds

    I am guessing that the roughly 12M in 3.25% bondholders that did not tender the bonds to be purchased or exchanged intend to tender them to HTI in January 2013. I assume the bondholders opted for this course because they will receive 100 cents on the dollar as oppposed to the 90 cents offered in the recent deal. If my math is correct, the bondholders should make about 1.1M more by holding the bonds for another 9 1/2 months. While I do somewhat regret the dillution effect of the warrants, it does seem to me that any concerns about HTI's near term solvency have been removed (sorry Larsyorgen, I know this hurts).

3.675-0.015(-0.41%)3:08 PMEST