Summary
Agilent Technologies, Inc. announced on August 25, 2005, its decision to redeem all of its outstanding 3% Senior Convertible Debentures Due 2021. The total principal amount of these debentures is approximately $1.125 billion. The redemption is scheduled for September 9, 2005, at a price of $1,000 per $1,000 principal amount, plus accrued interest up to, but not including, the redemption date. This action will result in the cessation of the Indenture governing these debentures and will leave no debentures outstanding. Notably, Agilent does not anticipate incurring any early termination penalties associated with this redemption, suggesting a well-planned financial maneuver. Investors holding these debentures should be aware of the redemption process and the associated payout details.
Key Highlights
- 1Agilent Technologies is redeeming all outstanding 3% Senior Convertible Debentures Due 2021.
- 2The total principal amount of the debentures to be redeemed is approximately $1.125 billion.
- 3The redemption date is set for September 9, 2005.
- 4The redemption price is $1,000 per $1,000 principal amount plus accrued interest.
- 5Upon redemption, the Indenture governing these debentures will cease to be effective.
- 6Agilent does not expect any early termination penalties for this redemption.