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Non-Tech : Boston Market (BOSTQ) -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maynard who wrote (1119)	4/4/1998 11:34:00 AM
From: Sr K	Respond to of 1567

BOSTG: In February 1994, the Company issued $130.0 million of 4 1/2% convertible subordinated debentures due February 1, 2004. Interest is payable semiannually on February 1 and August 1 of each year. The debentures are convertible at any time prior to maturity into shares of the Company's common stock at a conversion rate of $27.969 per share, subject to adjustment under certain conditions. The debentures may be redeemed at the option of the Company initially at 103.15% of their principal amount and at declining prices thereafter, plus accrued interest. In 1996 and 1997, $31,000 and $321,000 of convertible subordinated debentures were converted into 1,107 shares and 11,475 shares of common stock, respectively. In addition, the Company is required, as of 40 business days after the occurrence of a Change in Control (as defined in the indenture relating to the debentures) to purchase all or any part of any debenture at the option of the debenture holder. BOSTH: In April 1997, the Company issued $287.5 million of 7 3/4% convertible subordinated debentures due May 1, 2004. Interest is payable semiannually on May 1 and November 1 of each year. The debentures are convertible at any time prior to maturity into shares of the Company's common stock at a conversion rate of $26.70 per share, subject to adjustments under certain conditions.