Cyberonics purchased $3.6 million more 3% convertibles since April 24

By Jennifer Chiou

New York, June 3 - Cyberonics, Inc. said it bought back $3.6 million more of its 3% convertible notes due 2012 since its fiscal year quarter ended on April 24 for $3.1 million in cash.

During the recently completed fourth quarter, the company repurchased $2.5 million of the convertibles for total cash consideration of $1.9 million.

Over the last six fiscal quarters, Cyberonics said it has retired a total of $70.2 million of debt, including $62.7 million of convertible debt.

About $58.7 million of the convertibles is now outstanding.

Cyberonics is a Houston-based medical technology company with a focus on neuromodulation.

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