Cyberonics buys back $16.8 million convertibles at discount in quarter

By Susanna Moon

Chicago, Feb. 17 - Cyberonics, Inc. said it repurchased $16.8 million of its outstanding convertible debt for $15.7 million for the quarter ended Jan. 22.

As a result, the company said it recorded a net gain of $0.8 million in the quarter.

The company said on Nov. 18, 2009 that it had about $39.2 million of convertible debt outstanding as of Oct. 23.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.