Nuance to repurchase or redeem 2.75% convertible debentures due 2031

By Susanna Moon

Chicago, March 13 – Nuance Communications, Inc. plans to repurchase, redeem, retire or otherwise repay all of its outstanding 2.75% senior convertible debentures due 2031.

Funding will come from an offering of $350 million of senior convertible notes due 2025 which Nuance plans to price under Rule 144A with a 13-day over-allotment option for another $60 million of notes, according to a company announcement.

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

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