Convertible Debentures

Convertible Debentures

 

 

Symbol Interest Rate Interest Payment Dates Maturity Date
HLC.DB (formerly RYL.DB.B) 6.25% April 30 / October 31 October 31, 2020
HLC.DB.A (formerly RYL.DB.C) 7.5% March 31 / September 30 September 30, 2021

For each $1,000 principal amount of Series B Debentures (HLC.DB) outstanding, the debenture holder has the right to convert the debentures into $285.71 in cash and 28.57 Common Shares of Holloway Lodging Corporation (HLC).

For each $1,000 principal amount of Series C Debentures (HLC.DB.A) outstanding, the debenture holder has the right to convert the debentures into 80 Common Shares at $12.50 per share of Holloway Lodging Corporation (HLC).