August 22, 2016 / 6:21 PM / in a year

BRIEF-Colabor Group announces debentureholder and shareholder approvals

Aug 22 (Reuters) - Colabor Group Inc :

* Debentureholders of company's 5.70% convertible debentures due April 30, 2017 have approved proposed amendments to convertible debentures

* Shareholders have approved proposed $50 million rights offering, including offering price under rights offering

* Debentureholders holding more than 97.75% of principal amount of convertible debentures present, at meeting have approved debenture amendments

* Debenture amendments will have effect of extending maturity date for a 5-year period from closing date of recapitalization transactions Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below