Getting your Trinity Audio player ready...
COMDISCO INC. said it had accepted about $192 million principal amount of its 8 percent convertible subordinated debentures, due May 1, 2003, in a swap for a new issue of 9.65 percent senior subordinated debentures, due Nov. 1, 2002.
Interest on the new debentures has been accruing at an annual rate of 9.65 percent since Nov. 1 and be paid semiannually beginning May 1.
The Rosemont computer remarketing and leasing firm said its exchange offer had expired Friday.
