Kulicke and Soffa retires $46 million of 0.5% convertibles

By Jennifer Chiou

New York, Aug. 30 - Kulicke and Soffa Industries, Inc. said it bought back and retired $46 million of its 0.5% convertible subordinated notes due 2008.

The company announced plans for the redemption on May 30.

To fund the redemption, Kulicke and Soffa previously said it would use funds left over from a $100 million offering of convertible subordinated notes due 2012.

The company also repurchased $6 million of its shares.

Kulicke and Soffa, based in Willow Grove, Pa., is a supplier of semiconductor wire bonding assembly equipment.

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