Online Resources Accelerates Debt Retirement

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Online Resources Corp. said it has moved to accelerate the retirement of the remainder of its convertible debt, its 8% convertible subordinated notes, due 2005. Noteholders have initiated the conversion of $7.5 million of the bonds to equity since Oct.1, and the company has exercised an option to call the remaining $600,000 in notes as of Nov. 21.

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