Magellan Aerospace Corporation Announces Closing of its Offer to Purchase 8.5% Convertible Unsecured Subordinated Debentures

About this update from Magellan Aerospace Corporation

[{"type":"text","content":"\n\n\n\nTORONTO, May 21 /CNW/ - (TSX - MAL) Magellan Aerospace Corporation\n("Magellan") announced on April 30, 2009 that it had made a cash offer (the\n"Offer") to purchase all of the outstanding 8.5% convertible unsecured\nsubordinated debentures due January 31, 2010 (the "Debentures"). The Offer\nexpired at noon EST on May 21, 2009. Pursuant to the Offer, Magellan acquired\n100% of the outstanding Debentures in exchange for aggregate cash\nconsideration of $21,921,142 ($21,473,750 of which represents payment in\nrespect of principal and premium and $447,392 of which represents payment of\naccrued interest).\n\n\nAbout Magellan\n\n\nMagellan Aerospace Corporation is one of the world's most integrated and\ncomprehensive aerospace industry suppliers. Magellan designs, engineers, and\nmanufactures aeroengine and aerostructure assemblies and components for\naerospace markets, advanced products for military and space markets, and\ncomplementary specialty products. Magellan is a public company whose shares\ntrade on the Toronto Stock Exchange (TSX: MAL), with operating units\nthroughout Canada, the United States and the United Kingdom.\n\n\n%SEDAR: 00002367E\n\n\n","length":1249,"tagName":"div"}]

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