GREENVILLE, Wis., Feb. 24, 2011 (GLOBE NEWSWIRE) -- School Specialty (Nasdaq:SCHS ) has entered into separate, privately-negotiated exchange agreements under which it will retire $100 million in aggregate principal of its outstanding 3.75% Convertible Subordinated Debentures due 2026 (the "Existing Debentures") in exchange for its issuance of $100 million in aggregate principal of new 3.75% Convertible Subordinated Debentures due 2026 (the "New Debentures"). Following these transactions, $100 million in principal amount of the Existing Debentures will remain outstanding.
School Specialty Announces Exchange Transaction To Retire 3.75% Convertible Subordinated Debentures Due 2026
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