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Hier noch eine kleine, aber sehr positive Meldung, bevor es mich unter den Tannenbaum zieht. Gruss OM RESTON, Va.--(BUSINESS WIRE)--Dec. 24, 2002 --Talk America (NASDAQ:TALK), an integrated communications provider, said today that it has restructured its 8% Convertible Notes due 2011. The principal terms of the restructuring are as follows: the new maturity date will be September 19, 2006, the pay-in-kind interest option will be eliminated and interest will be required to be paid entirely in cash, and the Company will be provided additional flexibility to purchase subordinated debt and common stock. As a result of the restructuring, the Company expects to record an extraordinary non-cash gain of approximately $25.4 million from the decrease in future accrued interest relating to the 8% Convertible Notes which will be reflected as a $25.4 million reduction in long-term debt. In addition, the Company will begin recording interest expense associated with the 8% Convertible Notes on its income statement. As of December 23, 2002, and reflecting the restructuring, the Company had $100.9 million in total debt outstanding including $30.1 million principal amount of the 8% Convertible Notes. About Talk America |
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| aus der Diskussion: | Talk America |
| Autor (Datum des Eintrages): | OhneMandeln (24.12.02 17:01:22) |
| Beitrag: | 128 von 216 (ID:8169644) |
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