Richey Sells Off Notes
- Share via
GARDEN GROVE — Richey Electronics Inc. completed the private placement of $50 million of its 7% convertible subordinated notes due March 1, 2006.
Richey, which distributes electronic components, said that the notes are convertible into common stock at $14.125 a share and would translate into 3.54 million common shares. Net proceeds from the sale will be used to repay debt, the company said.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
