RadiSys buys back $10 million of its convertibles due 2023

By Devika Patel

Knoxville, Tenn., Aug. 8 - RadiSys Corp. announced in a 10-Q filed Friday with the Securities and Exchange Commission that, during the second quarter, it repurchased $10 million of its convertible senior notes due 2023 with an associated discount of $240,000.

The company bought back the notes in the open market for $9.8 million and, as a result, recorded a net loss of $31,000.

RadiSys is a Hillsboro, Ore.-based computer systems producer.

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