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Salton Completes Stock Issuance, Debt Repurchase with Harbinger Dec 29, 2006 |
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Salton, Inc. announced today that the company has (a) issued 701,600 shares of common stock to Harbinger Capital Partners Master Fund I, Ltd. for an aggregate purchase price of $1,754,000 or U.S. $2.50 per share; and (b) used the proceeds therefrom to repurchase from Harbinger $1,754,000 of the company's outstanding senior subordinated notes due 2008. The company granted Harbinger certain registration rights in connection with the stock issuance.