Activant buys back $15.7 million 9½% notes

By Devika Patel

Knoxville, Tenn., Feb. 12 - Activant Solutions Inc. repurchased approximately $15.7 million of its 9½% senior subordinated notes due 2016 for approximately $8.1 million in open-market transactions, according to a 10-Q filed Thursday with the Securities and Exchange Commission.

The company now has $159.3 million in notes outstanding and may buy back more of the notes in future transactions.

Activant is a Livermore, Calif., provider of vertical business management services.

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