SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?

To: Icebrg who wrote (6922)6/3/2003 7:57:19 AM
From: Icebrg  Read Replies (1) | Respond to of 10280
 
Debt redemption.

This is perhaps not so perplexing as it first appeared to be. The debt falls as follows (provided they haven't bought back any more this year):


7% debentures due 2005	 111,870 	  	
5.75%   notes due 2006   430,000 	 
5% debentures due 2007 	 440,000


Cash available according to the latest 10Q is 534 mUSD. To meet the debt maturing in 2005 will not be a problem. It is the payments in 2006 and 2007 there is concern about. Retiring the 2005 debt early will save them some interest costs. And apart from that - not much will change.

Erik



To: Icebrg who wrote (6922)6/3/2003 8:32:12 AM
From: Robohogs  Respond to of 10280
 
assume this means a new convert is coming.

jon


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News