Post by
righand2 on Dec 19, 2014 11:53pm
Debentures for shares at 15 cents
•Exchange of Arcan's $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 (the "2016 Debentures") and $85.0 million 6.50% convertible unsecured subordinated debentures due October 31, 2018 (the "2018 Debentures", and together with the 2016 Debentures, the "Debentures") into equity at an exchange price of $0.15 per share