We may redeem the capital securities in whole or in part at their aggregate principal amount, together with any accrued and unpaid interest, on or after June 30, 2011, for cash in an amount equal to 100% of the principal amount of the capital securities to be redeemed, plus accrued and unpaid interest, together with any compounded interest, on the capital securities to the date of redemption, which amount we refer to as the "par redemption amount".
Prior to June 30, 2011, we may redeem the capital securities in whole, but not in part, and only upon the occurrence of a "tax event," as defined in this prospectus supplement, for cash in an amount equal to the par redemption amount. See "Description of the Capital Securities ? Redemption."
The capital securities will be issued in denominations of $25 and integral multiples of $25, will be our junior subordinated unsecured obligations and will rank junior to our existing senior indebtedness, as defined in this prospectus supplement, and any other senior indebtedness that we or any of our subsidiaries incur in the future.
Full Prospectus PDF », Secondary Prospectus PDF », PL Page »
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Planet Labs designs, constructs, and launches satellites with the intent of providing geospatial data delivered to customers via an online platform. Co.'s platform includes imagery, insights, and machine learning. Co.'s satellite data and analytics reveal insights regarding a range of phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Co. serves customers across commercial and government verticals, including agriculture, mapping, forestry, finance and insurance, as well as federal, state, and local government bodies. Co.'s products serve a variety of diverse customer needs. Co. operates in the U.S., Canada, Asia and Europe. Preferreds: PL.PRB, PL.PRD, PL.PRC, PL.PRE Open the PL Information Page » |
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