Alcatel USA, Inc. To Redeem 7% Convertible Subordinated Notes Due August 1, 2004 Issued By DSC Communications Corporation.Business Editors NEW YORK--(BUSINESS WIRE)--June 30, 2000 Alcatel USA, Inc. today announced that it will exercise its right to redeem $399,950,000 principal amount of 7% convertible subordinated notes due August 1, 2004 (the "Notes") issued by DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. Communications Corporation and assumed by Alcatel USA, Inc. in connection with Alcatel's acquisition of DSC Communications in June, 1998. Such redemption shall occur on August 1, 2000 at a price equal to 104% of the principal amount, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. to August 1, 2000. From and after the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. of August 1, 2000, all interest shall cease to accrue on such Notes. As an alternative to redemption, the holders may elect to convert their Notes into Alcatel American Depository Shares at a conversion price of $61.012 per share. The holders' right to convert into shares will expire at the close of business on July 25, 2000. All notes must be presented for payment or conversion to the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the trustee for the benefit of the holders of the Notes. If presented by mail, the Notes must be delivered to the trustee at P.O. Box 11249, Church Street Station, Bond Redemption Unit, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10286. If presented by hand delivery, the Notes must be delivered to the trustee at its offices at 101 Barclay Street, Bond Redemption Unit, Ground Floor, New York, New York 10286. Any questions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this Notice of Redemption or the loss of a Note should be directed to Van Brown at Bank of New York, tel. 212/815 6286 |
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