Cray repurchases $13.27 million more 3% convertibles due 2024 at 98.5

By Jennifer Chiou

New York, May 28 - Cray Inc. bought back another $13.27 million of its 3% convertible senior subordinated notes due 2024 at 98.5 on May 27, according to an 8-K filed with the Securities and Exchange Commission.

On May 18, the company bought back $14.29 million of the notes at 98.5.

There is now $164,000 of the original $80 million of convertibles outstanding. The notes may be put back on Dec. 1, 2009.

Cray is a Seattle-based computer maker.

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