Amazon.com 2003 Annual Report Download - page 83

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 17—SUBSEQUENT EVENTS
On January 27, 2004, we announced that we will redeem $150 million in principal amount of our
outstanding 4.75% Convertible Subordinated Notes on February 26, 2004. The redemption price is set at
102.375% of the principal amount at maturity, plus accrued and unpaid interest from February 1 through
February 25, 2004. After completion of the redemption of $150 million in principal, there will be approximately
$900 million aggregate principal amount of 4.75% Convertible Subordinated Notes outstanding.
Additionally, on January 27, 2004, our Board of Directors authorized a debt repurchase program pursuant to
which we may from time to time repurchase (through open market repurchases or private transactions), redeem
or otherwise retire up to an aggregate of $500 million of our outstanding 4.75% Convertible Subordinated Notes
and 6.875% PEACS.
77