Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 8.270

-3.0%

Dec 26 9:30 AM EST

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To: Sal Davis who wrote (4145)	12/21/1998 5:46:00 PM
From: flickerful	Read Replies (1) of 17679

from the filing....page 17, under "optional redemption": <<In addition, at any time on or prior to March 15, 2000, the Company may, at its option, redeem up to 35% of the aggregate principal amount of Notes originally issued with the net cash proceeds of one or more Equity Offerings (as defined), at 112% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to the date of redemption. In order to effect the foregoing redemption with the proceeds of any Equity Offering, the Company shall make such redemption not more than 90 days after the consummation of any such Equity Offering.>> sal... i think this simply represents the equivalent formula of an "accelerated repayment" schedule to redeem the notes. ...jubimer?

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