TORONTO, May 21 /CNW/ - (TSX - MAL) Magellan Aerospace Corporation ("Magellan") announced on April 30, 2009 that it had made a cash offer (the "Offer") to purchase all of the outstanding 8.5% convertible unsecured subordinated debentures due January 31, 2010 (the "Debentures"). The Offer expired at noon EST on May 21, 2009. Pursuant to the Offer, Magellan acquired 100% of the outstanding Debentures in exchange for aggregate cash consideration of $21,921,142 ($21,473,750 of which represents payment in respect of principal and premium and $447,392 of which represents payment of accrued interest).
About Magellan
Magellan Aerospace Corporation is one of the world's most integrated and comprehensive aerospace industry suppliers. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, and complementary specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States and the United Kingdom.
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