US Airways yesterday announced completion of the redemption of approximately $112 million in principal amount of America West Holdings' 7.5% convertible senior notes due 2009 (ATWOnline, April 4). The airline said the transaction did not result in a cash outlay "other than a modest payment for accrued interest in unconverted notes," as more than 99% of the holders chose to convert their notes into US Airways common stock at a rate of 34.376 shares per $1,000 principal amount. The notes ...

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