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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item |
Rewards Network buys back $36.1 million of 3.25% convertibles
By Jennifer Chiou
New York, Aug. 12 - Rewards Network Inc. said it repurchased $36.1 million of its 3.25% convertible subordinated debentures due 2023 using cash reserves.
The company said that $16.8 million of debentures remains outstanding.
The company issued $70 million of the notes in October 2003. They are callable after five years and are putable in years five, 10 and 15.
Rewards Network is a Chicago-based provider of marketing services and frequent dining programs to the restaurant industry.
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