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ZYPS
(redirected from Zero Yield Puttable Securities)

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AcronymDefinition
ZYPSZero Yield Puttable Securities (exchange offer)


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At July 31, 2008, the company had outstanding approximately $419 million in aggregate principal amount of convertible debt securities known as Zero Yield Puttable Securities (ZYPS(SM)) due May 15, 2023.
As announced on March 2, 2007, the company has made a cash tender offer for all of its existing Zero Yield Puttable Securities and New Zero Yield Puttable Securities ("ZYPS").
New York City time, on January 21, 2005, of its offer to holders of its outstanding contingent convertible senior notes, known as Zero Yield Puttable Securities ("ZYPS"), to exchange such ZYPS (the "Existing ZYPS") for new ZYPS (the "New ZYPS").
 
 
 
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