| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Veritone to buy back $50 million of 1.75% convertible notes due 2026
Chicago, Nov. 8 – Veritone, Inc. said that it would be buying back $50 million principal amount of its 1.75% convertible senior notes due 2026, according to an 8-K filing.
The notes being repurchased are held by certain funds managed by Highbridge Capital Management, LLC and certain other entities.
The noteholders who are selling back their notes are also providing a senior secured term loan to Veritone for $77.5 million.
The convertibles will be repurchased at 75, plus accrued interest to the closing date.
Veritone is a Denver-based AI software and services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.