5N Plus completes partial redemption of 5.75% convertible unsecured subordinated debentures

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[{"type":"text","content":"\n\n\n\n5N Plus completes partial redemption of 5.75% convertible unsecured subordinated debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, July 3, 2018\n\n\n\nMONTRÉAL, July 3, 2018 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading producer of engineered materials, announced today that it has completed the previously announced partial redemption of its 5.75% convertible unsecured subordinated debentures maturing on June 30, 2019 (the \"Debentures\"). On July 3, 2018, 5N Plus redeemed Debentures in an aggregate principal amount of CA$40 million. 5N Plus paid to the holders of redeemed Debentures a redemption price equal to the principal amount of the Debentures, plus accrued and unpaid interest up to but excluding the date hereof, for a total of CA$1,000.48 per CA$1,000 principal amount of Debentures. Following today's partial repayment, the aggregate principal amount of Debentures outstanding is now CA$26 million. \n\nThe Debentures redeemed were selected by the Debenture trustee on a pro rata basis to the nearest multiple of CA$1,000 in accordance with the principal amount of the Debentures registered in the name of each holder (or in such other manner as the Debenture trustee deemed equitable).\n\nAbout 5N Plus Inc. 5N Plus is a leading producer of engineered materials. Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as pharmaceutical, healthcare, renewable energy, aerospace,...

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