Rochester, NY 8/11/2009 2:21:03 AM
News / Finance

E*TRADE Financial Corporation ETFC - E*TRADE Financial Declares Debt Exchange

E*TRADE Financial Corporation ETFC

E*TRADE FINANCIAL Corporation posted statement the Office of Thrift Supervision (OTS), formally agree of participation by certain affiliates of Citadel Investment Group L.L.C. in the Company’s previously statement debt Exchange Offer. Receipt of the OTS agree and satisfies a circumstances to the completion of the Exchange Offer.

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Pursuant to the Exchange Offer, E*TRADE proposes to exchange approximately $1.7 billion of its existing high yield notes for an equal aggregate principal amount of new zero coupon senior convertible debentures due 2019.

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