CLEVELAND--(BUSINESS WIRE)--Mace Security International, Inc. is pleased to announce that it and Merlin Partners, the holder of its 6% Convertible Debenture (due 3/31/16 and currently convertible at $0.192 per share), have agreed on a repurchase of the debenture. This purchase price is at a significant discount to the Debenture’s current conversion value, while at a premium to the debt’s face value. The elimination of the debenture will result in Mace® saving interest costs over the next 15 mon
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