RPM Announces Completion of Redemption of Convertible Senior Notes
Medina, Ohio -- RPM International announced that it has completed its previously announced redemption of all of its outstanding 2.25% Convertible Senior Notes due 2020.
In connection with the redemption, holders of $204,554,000 aggregate principal amount of Notes converted their notes in accordance with the terms and conditions of the notes. In settlement of those conversions, RPM paid an aggregate of approximately $204,625,000 in cash, including cash in lieu of fractional shares, and issued 598,601 shares of its common stock in the aggregate.