OdysseyRe Announces Continued Convertibility of its 4.375% Convertible Notes due 2022.STAMFORD, Conn. -- Odyssey Re Holdings Corp. (NYSE NYSE See: New York Stock Exchange : ORH ORH Worcester (Airport) ORH Operation Restore Hope ORH Worcester, MA, USA - Worcester /James D O'Brien Field (Airport Code) ) announced today that, under the terms of the indenture governing its 4.375% convertible senior debentures due 2022 (the "Notes"), the Notes will continue to be convertible during the period from February 14, 2007 through May 13, 2007 as a result of the trading price Trading price The price at which a security is currently selling. of ORH common stock exceeding certain thresholds set forth in the indenture. The full terms of the conversion rights of the holders of the Notes are set forth in the indenture. Holders of the Notes may obtain information on how to convert their Notes by contacting 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 and Conversion Agent for the Notes, at: < The Bank of New York < Attention: Randolph Holder < Corporate Trust Operations < 101 Barclay Street, Floor 7E < New York, New York 10286 < Tel: (212) 815-7198 < Fax: (212) 298-1915 Odyssey Re Holdings Corp. is a leading worldwide underwriter of property and casualty treaty and facultative reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , as well as specialty insurance. OdysseyRe operates through its subsidiaries, Odyssey America Reinsurance Corporation, Hudson Insurance Company, Hudson Specialty Insurance Company, Clearwater Insurance Company, Newline Underwriting Management Limited and Newline Insurance Company Limited. The Company underwrites through offices in the United States, London, Paris, Singapore, Toronto and Latin America. Odyssey Re Holdings Corp. is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol ORH. |
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