Ferrotec Corporation
Notice Regarding the Exercise of the Right of Early Redemption under the 130% Call Option Clause for the 2028 Maturity Euro Yen Convertible Bond with Warrants
On March 24, 2026, upon satisfaction of the stock price condition, the right to early redeem the remaining 22.77 billion yen of 2028 maturity Euro Yen convertible bonds at 100% of par was exercised. The early redemption date is June 22, 2026.
Key Figures
- Total Amount Subject to Early Redemption: 22.77 billion yen (As of April 21, 2026)
- Early Redemption Date: June 22, 2026
- Latest Stock Price: 7,000.0 yen (Closing price on April 22, 2026)
AI要約
Overview of Early Redemption
FerroTec Corporation exercised the right to early redeem the entire remaining amount of 22.77 billion yen of the 2028 maturity Euro Yen convertible bonds with warrants issued on June 23, 2023, at 100% of par, as the stock price condition defined under the 130% call option clause in the bond indenture was satisfied on March 24, 2026. The early redemption date is set for June 22, 2026.
Impact on Shareholders and Bondholders
The exercise period for the warrants is until June 17, 2026. Bondholders who exercise their warrants within this period have the right to receive additional common shares due to retrospective adjustment of the conversion price. The latest stock price is 7,000 yen, significantly exceeding the conversion price of 3,592.9 yen, indicating a high possibility of conversion into shares. This may affect the capital structure and number of shares outstanding.
FerroTec Corporation
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