In connection with the reorganization, ARRIS Enterprises, the new holding company and the Trustee will execute a supplemental indenture that will provide, among other things, that (i) the conversion value of the Notes will be calculated by reference to the new holding company's common stock, (ii) any shares issuable upon conversion of the Notes will be settled in the new holding company's common stock and (iii) the new holding company will guarantee the obligations of ARRIS Enterprises with respect to the Notes. Upon conversion, holders will receive the consideration provided in the indenture, as supplemented by the supplemental indenture. ARRIS also is distributing a notice to holders regarding the Conversion Option. The notice is available through DTC and the Trustee.Following the closing of the reorganization, the new holding company will file a copy of the supplemental indenture with the Securities and Exchange Commission and provide a notice to holders of the Notes briefly describing the supplemental indenture. The notice will be available through DTC and the Trustee following the closing of the reorganization.
ARRIS Announces Right To Convert 2.00% Convertible Senior Notes Due 2026
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