Stewart Enterprises repurchases $35.7 million senior convertibles

By Devika Patel

Knoxville, Tenn., Sept. 10 - Stewart Enterprises Inc. repurchased $15.8 million of its 3.125% senior convertible notes due 2014 and $42.5 million of its 3.375% senior convertible notes due 2016 in the first nine months of fiscal year 2009, according to a company earnings report.

The purchases were made in the open market and resulted in an $8.5 million gain.

Stewart Enterprises is a Jefferson, La.-based provider of products and services in the death care industry.

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