Itron buys back $15.3 million 7¾% notes in 2008

By Angela McDaniels

Tacoma, Wash., Feb. 26 - Itron, Inc. reacquired $15.3 million of its $125 million 7¾% senior subordinated notes due 2012 during 2008, according to its 10-K report for 2008 filed with the Securities and Exchange Commission.

Of the total amount, $14.4 million was acquired in the first nine months of the year.

The balance of the notes, including unaccreted discount, was $109.2 million as of Dec. 31.

The company said the notes are currently callable at 103.875, which will decrease to 101.938 on May 15 and to par on May 15, 2010.

Itron is a Liberty Lake, Wash.-based provider of products and services for the energy and water industries.

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