Jarden Corporation (NYSE:JAH) is up 0.36% to $53.09 on a traded volume of 4.07 million shares. The Company announced the pricing of $450 million in aggregate principal amount of Senior Subordinated Convertible Notes due 2018 in a private offering to qualified institutional buyers. The Company has also granted the initial purchasers an option to purchase up to an additional $50 million aggregate principal amount of the Convertible Notes. The Convertible Notes will pay interest semiannually at a rate of 1.875% per annum. The Company plans to use approximately $100 million of the net proceeds from the sale of the Convertible Notes to repurchase shares of common stock under stock repurchase program.