Kyphon to repay some term debt with convertibles proceeds

By Sara Rosenberg

New York, Jan. 30 - Kyphon Inc. plans to repay some of its term loan debt using proceeds from a dual tranche $350 million convertible senior notes offering, according to a company news release.

Kyphon is a Sunnyvale, Calif., developer and marketer of medical devices designed to restore spinal function and diagnose low back pain.

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