Cray repurchases $40.2 million of its 3% convertibles due 2024

By Devika Patel

Knoxville, Tenn., Oct. 7 - Cray Inc. bought back $40.2 million of its 3% convertible senior subordinated notes due 2024 on Oct. 1 and Oct. 2, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Of the convertibles, $25 million were bought at 92% of par, plus interest, and the remaining $15.2 million were bought back at 91.5% of par, plus interest.

Cray is a Seattle-based computer maker.

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