RadiSys buys back $19.4 million of 5.5% convertibles

Pittsburgh, June 17 - RadiSys Corp. bought back $19.4 million principal amount of its 5.5% convertible subordinated notes with an associated discount of $291,000 for $19.2 million in cash, according to an 8-K filing with the Securities and Exchange Commission.

The remaining balance of the notes is $10 million, with an associated discount of $150,000.

The buyback resulted in a loss to the company of $123,000, to be shown as an expense in the second quarter.

RadiSys is a Hillsboro, Ore.-based computer-networking firm.

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