Sandisk buys back $221.9 million of convertible senior notes due 2013

By Ashley Montgomery

Kansas City, Kan., Nov. 9 - Sandisk Corp. repurchased $221.9 million principal amount of its 1% convertible senior notes due May 15, 2013 during the third quarter, according to a 10-Q filing with the Securities and Exchange Commission.

The purchase was made for $211.1 million in cash.

The amount outstanding was $928.1 million as of the end of the quarter on Oct. 2.

SanDisk based in Sunnyvale, Calif. The company makes flash storage cards used in consumer electronics.

© 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.