E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item
Published on 10/22/2008 in the Prospect News Convertibles Daily.

AudioCodes buys back $50 million of 2% convertibles due 2024

By Devika Patel

Knoxville, Tenn., Oct. 22 - AudioCodes Ltd. said it repurchased $50 million of its 2% senior convertible notes due 2024 in a privately negotiated transaction for approximately $48.8 million in cash.

This payment includes interest.

In November 2004, AudioCodes issued $125 million of the convertibles. As a result of this repurchase, approximately $75 million in convertibles remain outstanding.

AudioCodes is an Airport City, Israel-based voice infrastructure company.


© 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.