Five Star Quality Care buys back $8.5 million more 3.75% convertibles for $3.7 million

By Jennifer Chiou

New York, May 6 - Five Star Quality Care, Inc. purchased and retired an additional $8.5 million of its 3.75% convertible senior notes due 2026 in April, according to a 10-Q filing with the Securities and Exchange Commission.

The company paid $3.7 million plus accrued interest.

The company said it financed the repurchase by drawing on its UBS credit facility.

In January, the company repurchased and retired $46.5 million of its $126.5 million of convertibles.

Five Star is a senior living and health care services company based in Newton, Mass.

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