Solar Applied Materials buys back $2 million more 0% convertibles

By Marisa Wong

Madison, Wis., May 15 - Solar Applied Materials Technology Corp. said it repurchased another $2 million of its 0% convertible notes due 2016 in the open market. The repurchased bonds were canceled.

Solar issued $115 million of the convertible bonds in July 2011 and has repurchased a total of $20.4 million of the bonds since November.

The Tainan City, Taiwan-based company makes high-technology metals and rare materials for coating metal disks like CDs and DVDs.

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