Covanta Announces Adjustments to the Conversion Rate on Its 3.25% Cash Convertible Senior Notes Due 2014

  //business-finance.news-articles.net/content/201 .. 3-25-cash-convertible-senior-notes-due-2014.html
  Published in Business and Finance on Wednesday, July 6th 2011 at 17:00 GMT by Market Wire

Covanta Announces Adjustments to the Conversion Rate on Its 3.25% Cash Convertible... -- MORRISTOWN, N.J., July 6, 2011 /PRNewswire/ --

[ ]

My news for Investors

AtLeast one of the check box should be selected You are following news about Follow the latest news about CVA

MORRISTOWN, N.J., July 6, 2011 /PRNewswire/ -- Covanta Holding Corporation (NYSE: [ CVA ]) ("Covanta" or the "Company") today announced an adjustment to the conversion rate on its 3.25% cash convertible senior notes due 2014 in connection with its previously announced dividend payable on April 12, 2011 to stockholders of record as of March 30, 2011.  As a result of this dividend, the conversion rate was adjusted to 59.4517 from 59.1871 shares of Covanta's common stock per $1,000 principal amount of the notes.  The adjusted conversion rate is equivalent to an adjusted conversion price of $16.82 per share, compared to the prior price of $16.90.

About Covanta

Covanta Energy is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy.  Covanta's 44 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and create more than 9 billion pounds of steam that are sold to a variety of industries. For more information, visit [ www.covantaenergy.com ].

SOURCE Covanta Holding Corporation

RELATED LINKS
[ http://www.covantaenergy.com ]