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InterDigital Announces Conversion Rate Adjustment to 2.50% Senior Convertible Notes due 2016

2015-07-06 23:14:55| Telecom - Topix.net

InterDigital, Inc. announced today an adjustment to the conversion rate applicable to its 2.50% Senior Convertible Notes due 2016 . In connection with the Company's third quarter 2015 regular dividend of $0.20 per share, the conversion rate for the 2016 Notes increased to 18.1426 shares of common stock per $1,000 principal amount effective July 6, 2015, the ex-dividend date for the regular quarterly dividend.

Tags: due rate notes senior

Category:Telecommunications

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