Dépêches
Textron Inc. Announces its 4.5% Convertible Senior Notes due 2013 To Remain Convertible at Holder’s Discretion
Dépèche transmise le 30 décembre 2010 par Business Wire

Textron Inc. Announces its 4.5% Convertible Senior Notes due 2013 To Remain Convertible at Holder’s Discretion
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) (“Textron”) announced today that its 4.5% Convertible Senior Notes due 2013 (CUSIP #883203BNO) (the “Notes”) will remain convertible at the option of the holders through March 31, 2011, the last trading day of the first calendar quarter, as provided in the Indenture, dated as of September 10, 1999, between Textron and The Bank of New York Mellon Trust Company, N.A., as Trustee, as supplemented by the Supplemental Indenture, dated as of May 5, 2009 (the “Indenture”).
The Notes will be convertible because Textron’s common stock price exceeded the conversion threshold price of $17.06 per share (130 percent of the applicable conversion price of $13.125 per share) for at least 20 trading days during the 30 consecutive trading days ending December 31, 2010.
As a result, during the first calendar quarter, holders of the Notes may elect to convert some or all of their Notes. Whether the Notes will be convertible at any time after March 31, 2011 will depend on whether any of the conversion conditions specified in the Indenture are satisfied, including whether the price of Textron’s common stock exceeds the conversion threshold price for the requisite number of trading days during subsequent quarters.
The Company may deliver shares of common stock, cash or a combination of cash and shares of common stock in satisfaction of its obligations upon conversion of the Notes.
Holders of Notes may obtain further information on how to convert their Notes by contacting the conversion agent at the following address:
Bank of New York Mellon Corporation
Corporate Trust
Operations
Reorganization Unit
101 Barclay
Street - 7 East
New York, N.Y. 10286
Attn: Ms.
Diane Amoroso
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes or Textron’s common stock.
About Textron
Textron is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee and Textron Systems. More information is available at www.textron.com.
- 15/01 Crash de Sriwijaya Air : une boite noire récupérée et exploitable
- 15/01 Delta Air Lines enregistre un perte record pour l'année 2020
- 15/01 Aegean Airlines : plus de flexibilité pour ses passagers
- 14/01 Air Canada procède à de nouvelles réductions de capacité
- 14/01 Aéroport de Nice : trafic en net repli en 2020
- 14/01 Norwegian Air arrête le long-courrier
- 14/01 Premier vol pour l'Airbus H160 d'All Nippon Helicopter
- 14/01 DHL Express commande huit Boeing 777 supplémentaires
- 14/01 French bee ouvre une boutique éphémère à Saint-Pierre de la Réunion
- 13/01 Aéroport Marseille Provence lance la dématérialisation des réservations parkings et services dans le wallet mobile
- 13/01 Lufthansa Group aide les Australiens à rentrer chez eux
- 12/01 Atlas Air achète quatre Boeing 747-8F
- 12/01 Volotea dit adieu à ses Boeing 717
- 12/01 Korean Air lance son nouveau site internet
- 11/01 Qatar Airways retourne en Arabie Saoudite
- 10/01-MAJ 10/01/2021 11h20 - Crash d'un Boeing 737 en Indonésie (photos)
- 10/01 L'Armée de l'Air et de l'Espace a reçu son premier Mirage 2000D modernisé
- 09/01 La Fondation Antoine de Saint Exupéry pour la Jeunesse et le Rallye Toulouse – Saint-Louis du Sénégal invitent un équipage de jeunes pilotes sur la prochaine édition du rallye
- 08/01 Airbus : commandes et livraisons de l'année 2020
- 08/01 Boeing versera 2,5 milliards de dollars dans le cadre de l'enquête des accidents du 737 Max