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Published on 11/6/2008 in the Prospect News Convertibles Daily.

Finisar retires remaining 5.25% convertibles

By Angela McDaniels

Tacoma, Wash., Nov. 6 - Finisar Corp. said it retired the total remaining principal balance of its 5.25% convertible notes, which totaled $92 million as of Oct. 15.

The company purchased about $70 million of the convertibles in private cash transactions, and the remaining principal balance of $22 million was paid at maturity on Oct. 15.

Finisar makes fiber optic subsystems and network test systems and is based in Sunnyvale, Calif.


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