Financings in Brief: Laser Industries, Inc.
This article was originally published in The Gray Sheet
Executive Summary
Laser Industries, Inc.: Plans to redeem all of its outstanding 8% convertible subordinated debentures due Sept. 15, 2006 on Sept. 16, 1996 "at a redemption price of 100% of the principal amount thereof, plus accrued interest to the redemption date," the firm states. The Tel Aviv, Israel medical laser firm issued $20 mil. of the debentures in September 1986 for debt repayment and working capital. About $2.6 mil. of the debentures are outstanding...