Solar Applied Materials buys back $6.3 million more 0% convertibles

By Marisa Wong

Madison, Wis., Nov. 28 - Solar Applied Materials Technology Corp. said it repurchased $6.3 million of its 0% five-year convertible notes in the open market on Nov. 28. The repurchased bonds will be canceled.

Solar issued $115 million of the convertibles bonds in July and has repurchased a total of $14.3 million of the bonds. The company bought back $7 million of the bonds earlier this month.

The Tainan City, Taiwan-based company makes high-technology metals and rare materials for coating metal disks like CDs and DVDs.

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