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This excerpt taken from the ELN 6-K filed Apr 11, 2005. (E) Net Interest Exceptional net interest and other expense amounted to $19.6 million. This includes a net gain of $1.6 million on the repurchase of $1,323.4 million in principal amount at maturity of Liquid Yield Option Notes (“LYONs”). These LYONs, having an accreted value of $810.5 million at the date of purchase, were purchased at an aggregate cost of $803.4 million, resulting in the net gain of $1.6 million after related costs. For further information regarding the LYONs, please refer to Note 16 to the Consolidated Financial Statements. On 10 November 2003, we announced that we had successfully completed a private offering of $460.0 million in aggregate principal amount of 6.5% guaranteed convertible notes (“6.5% Convertible Notes”). In connection with this offering a waiver fee of $16.8 million was paid to the holders of the EPIL II Notes and EPIL III Notes. |
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