This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UniSource Energy Announces Partial Redemption Of 4.5 Percent Convertible Senior Notes Due 2035

UniSource Energy Corporation (NYSE: UNS) announced today that on April 17, 2012, it will redeem $40,000,000 in principal amount of its 4.50% Convertible Senior Notes due 2035 ("Notes") with CUSIP numbers 909205 AB 2 and 909205 AA 4. The principal amount of Notes for each CUSIP number to be redeemed is $39,700,000 for CUSIP Number 909205 AB 2 and $300,000 for CUSIP Number 909205 AA 4.

The Notes were originally issued in March 2005 in an aggregate principal amount of $150,000,000, of which approximately $75,000,000 remain outstanding. As described below, holders of the Notes selected for redemption have the option of converting their Notes into shares of UniSource Energy common stock before the date specified for redemption.

The Notes will be redeemed at a redemption price of 100 percent of the principal amount thereof plus accrued and unpaid interest to, but not including, the redemption date. The Notes to be redeemed will be selected in accordance with the applicable procedures of the Depository Trust Company ("DTC"), the registered holder of the Notes, for partial redemptions.

Holders of portions of the Notes selected for redemption who wish to convert such portion of their Notes into shares of UniSource Energy's common stock rather than have their interests redeemed must exercise their conversion rights in accordance with the applicable procedures of DTC so as to cause the Notes otherwise subject to redemption to be surrendered for conversion prior to 5:00 p.m., New York City time, on the business day immediately preceding the redemption date. The Notes are convertible by the holders thereof into shares of UniSource Energy common stock at a current conversion rate of 29.001 shares of common stock for each $1,000 principal amount of Notes converted, which represents a conversion price of approximately $34.48 per share of common stock.

Copies of the notice of redemption may be obtained from the Bank of New York Mellon, the trustee, paying agent and conversion agent for the Notes, by calling Bondholder Relations at (800) 254-2826.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs