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Replies to post #58708 on XpresSpa Group Inc (XSPA)
Long-vestor
07/06/15 5:14 PM
#58709 RE: spookytrades #58708
The principal amount of the outstanding Notes will be repaid monthly, and we may make such payments and related interest payments in cash or, subject to certain conditions, in registered shares of our common stock, at its election. If we choose to repay the Notes in shares of its common stock, the shares will be issued at a 15% discount, based on the then-current market price data of our common stock. We may also repay the Notes in advance of the maturity schedule subject to early repayment penalties.