AudioCodes to redeem all remaining $53,000 2% convertibles due 2024

By Tali Rackner

Norfolk, Va., Oct. 27 – AudioCodes Ltd. will redeem all of the $53,000 outstanding under its 2% senior convertible notes due Nov. 9, 2024, according to a notice.

The convertibles will be redeemed at par plus accrued interest up to, but excluding, the redemption date of Nov. 17.

The conversion price is $18.71 per share, and the conversion rate is 53.4474 AudioCodes ordinary shares per $1,000 principal amount of the notes. The company’s shares closed at $4.65 (Nasdaq: AUDC) on Oct. 24.

U.S. Bank NA is the paying agent and conversion agent.

AudioCodes provides voice-over-internet protocol technologies and voice network products and is based in Lod, Israel.

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