A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate® lithium ion batteries and systems, today announced that it has notified the holders of its 6.00% senior convertible notes of the satisfaction of the conditions for the release of $30 million of restricted cash related to such notes that is subject to an account control agreement. The company expects that the $30 million will become unrestricted and available for general corporate purposes subject to the delivery of administrative release documentation from the note holders on or about July 6, 2012.
A123 Systems Announces Satisfaction of Conditions for Release of $30 Million of Restricted Cash |
| published: 2012-07-10 15:07 |
