Overstock.com board OKs $20 million convertibles repurchase program

By Angela McDaniels

Tacoma, Wash., Feb. 17 - Overstock.com, Inc. said it will repurchase up to $20 million of its convertible senior notes under a repurchase program authorized by its board of directors on Tuesday.

The board authorized the program for the purpose of reducing the company's debt under its outstanding senior notes at a discount to par, according to a company news release.

Questions can be directed to the company's director of investor relations, Kevin Moon (801 947-3282 or kmoon@overstock.com).

Overstock.com is an online close-out retailer based in Salt Lake City.

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