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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 8/16/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Top Image repurchases 2.9 million more series A convertibles

By Toni Weeks

San Diego, Aug. 16 - Top Image Systems, Ltd. has repurchased an additional 2.9 million series A convertible debentures, according to a news release.

The company said it previously repurchased 2.04 million of the debentures in a tender offer, which expired Aug. 1. Altogether, the company has repurchased a total of 4.94 million outstanding debentures, reducing its debt by more than 25%.

Top Image is a Tel Aviv-based producer of content management software.


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