- Declared a special one-time cash dividend of $0.19 per common share, which represents approximately $42.2 million in payments to holders of outstanding shares, representing a 14.6% yield on the Company’s share price at the beginning of this year, and a 6.6% yield based on the closing share price on Friday, December 7, 2012;
- Determined to redeem all of its 4.00% convertible senior notes on December 31, 2012. The notes, with principal amount of $57.5 million, are due to mature on April 15, 2013. The early redemption will result in interest savings of approximately $0.7 million and will be funded from the Company’s available cash; and
- Accelerated the decision timeline by which they will choose and implement the highest-value alternative for the Company’s technology portfolio, and they now expect to take such actions in the first quarter of 2013.
Rentech Declares Special Cash Dividend Of $0.19 Per Share Payable In 2012 And Announces Early Redemption Of Convertible Notes
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