date:Apr 09, 2013
percent on the Nasdaq Stock Market.
CEDC said in February that it had proposed a debt-for- equity plan to reduce liabilities by more than $750 million. The companys immediate financial crisis involved $257.9 million in 3 percent convertible notes that matured March 15.
The company said yesterday in a statement that holders of existing 2016 notes will receive $822 million, consisting of $172 million in cash, $450 million in new secured notes and $200 million in new convertible notes -- an esti