DST Systems buys back $36.5 million 4.125% series A convertibles

By Marisa Wong

Milwaukee, April 21 - DST Systems, Inc. has repurchased approximately $36.5 million of its 4.125% series A senior convertible debentures in 2010, according to a press release.

DST repurchased $28.5 million of the convertibles in the first quarter of 2010 and an additional $8 million of the convertibles in early April.

The repurchase in April was funded by an unanticipated private equity dividend.

After the repurchases, $115.3 million of the series A convertibles were outstanding.

DST is a Kansas City, Mo., provider of information processing and software services.

© 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.