Borland expands convertible repurchases to $44.3 million in first quarter

New York, May 13 - Borland Software Corp. said its repurchases of its 2.75% convertible senior notes due 2012 totaled $44.3 million principal amount during the first quarter.

That is up from the $40.7 million previously reported on March 6.

In total the Austin, Texas-based software company spent $27.5 million in cash to buy back the debt.

Following the repurchases, Borland has $115 million principal amount of the notes outstanding.

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