5N Plus completes redemption of 5.75% convertible debentures

Engineered materials and specialty chemicals producer 5N Plus Inc of Montreal, Quebec, Canada has completed the previously announced redemption of all its outstanding 5.75% convertible unsecured subordinated debentures maturing on 30 June.

5N Plus redeemed debentures worth a total of CA$26m. The firm paid the holders a redemption price equal to the principal amount of the debentures, plus accrued and unpaid interest up to but excluding the redemption date, for a total of CA$1,013.71 per CA$1,000 worth of debentures.

5N Plus provides purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, and also produces related II-VI semiconducting compounds such as cadmium telluride (CdTe), cadmium sulphide (CdS) and indium antimonide (InSb) as precursors for the growth of crystals for solar, LED and eco-friendly materials applications.

Also, in recent years 5N Plus has expanded its portfolio of specialty semiconductors to include wafer-level products based on the III-V and II-VI families of materials. These address several growth markets, including medical imaging, sensing, security, surveillance and renewable energy in both space and terrestrial applications. Last year, the firm announced that it would double the capacity of its semiconductor plant in Montreal to keep pace with growing market demands.

See related item:

5N Plus receives TSX approval to repurchase shares

5N Plus redeems all 5.75% convertible debentures

5N Plus shareholders approve reduction in stated capital

Tags: 5N Plus

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