Nuance Communications calls 1.5% convertibles due 2035 at par

By Marisa Wong

Los Angeles, Sept. 29 – Nuance Communications, Inc. issued a notice of full redemption for its 1.5% senior convertible debentures due 2035 (Cusip: 67020YAG5), according to an 8-K filing with the Securities and Exchange Commission.

Nuance intends to redeem all of the outstanding notes on Nov. 5 at par plus accrued interest to but excluding the redemption date.

The notes may be converted at any time before 5 p.m. ET on Nov. 4. The current conversion rate is 48.5216 shares of Nuance common stock per $1,000 principal amount of notes, which is equivalent to a conversion price of $20.61 per share.

U.S. Bank NA is the trustee.

Nuance is a Burlington, Mass.-based speech recognition and artificial intelligence company.

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