Ciber retires all 2.875% convertibles

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Ciber, Inc. retired all of its $175 million 2.875% convertible senior debentures due 2023 in December, according to its earnings release for the quarter and year ended Dec. 31.

In October, the company said it purchased $28.2 million of the convertibles, leaving $52.8 million outstanding.

Long-term debt fell to $165.7 million as of Dec. 31, which is a reduction of $36.1 million, or 18%, for the year.

Ciber is a systems integration consultancy and outsourcing company based in Greenwood Village, Colo.

© 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.