Solar Applied Materials repurchases more 0% convertible notes due 2016

By Marisa Wong

Madison, Wis., June 18 - Solar Applied Materials Technology Corp. said it repurchased $3.1 million of its 0% convertible notes due 2016 in open market transactions. The repurchased notes have been canceled.

Solar Applied issued $115 million of the convertibles in July 2011 and has been buying back portions of the notes since November 2011.

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

© 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.