Nuance Communications calls $600 million of 5 3/8% notes due 2020

New York, Dec. 9 – Nuance Communications, Inc. will redeem $600 million of its 5 3/8% senior notes due 2020.

The issuer will pay 102.688% of par plus accrued interest up to but excluding the redemption date, which has been set as Jan. 7, according to a notice.

Nuance previously said it would redeem $600 million of the notes using proceeds of a new offering of 10-year notes and cash on hand. The company priced $500 million of new 5 5/8% notes due 2026 at 99.062 on Thursday.

The issuer is a Burlington, Mass.-based provider of voice and language software.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.