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IOU Financial repurchases $200,000 of convertible debentures
By Wendy Van Sickle
Columbus, Ohio, Dec. 15 – IOU Financial Inc. is repurchasing about $200,000 of its convertible debentures at a discount, according to a news release on Wednesday.
The transactions are being carried out under repurchase agreements the company entered into with individual debenture holders.
The latest repurchases brings total IOU repurchases of the debentures year to date to $3.7 million.
The Montreal company is an online lender for small businesses in the United States.
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