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WebMD buys back $143.2 million of 2.25% convertible notes at 101
By Marisa Wong
Morgantown, W.Va., Aug. 18 – WebMD Health Corp. repurchased $143.2 million of its 2.25% convertible notes due 2016 in a privately negotiated transaction on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
The notes were purchased at 101 plus accrued interest.
Immediately following the repurchase, a total of about $809 million of WebMD’s convertible notes remained outstanding. That amount includes roughly $109 million of the 2.25% notes.
WebMD is a New York-based provider of online medical information.
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