Synaptics holders put back $63 million of 0.75% convertibles due 2024

By Angela McDaniels

Tacoma, Wash., Dec. 2 - Synaptics Inc. said the holders of $62,998,000 principal amount, or 96.47%, of its 0.75% convertible senior subordinated notes due 2024 exercised their Dec. 1 put options.

The company paid par for the convertibles. Dec. 1 was a regularly scheduled interest payment date, so holders also received accrued interest on that date.

Following the purchase, $2,305,000 principal amount of the convertibles remains outstanding.

Synaptics is San Jose, Calif.-based developer of interface services for the mobile computing, communications and entertainment industries.

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