LeCroy draws on revolver to fund repurchase of $29.65 million notes

By Angela McDaniels

Tacoma, Wash., Nov. 7 - LeCroy Corp. borrowed under its $75 million revolving credit facility to fund the repurchase of its remaining 4% convertible senior notes due 2026, according to the company's 10-Q report for the quarter ended Oct. 1 filed with the Securities and Exchange Commission.

The company repurchased $29.65 million, or 100%, of the convertibles on Oct. 17.

LeCroy is a Chestnut Ridge, N.Y., manufacturer of oscilloscopes, protocol analyzers and other test measurement solutions.

© 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.