Mentor Graphics to retire 6.25% convertibles with notes proceeds, cash

By Toni Weeks

San Diego, March 29 - Mentor Graphics Corp. said in an announcement that it will retire, through repurchases or redemption, its outstanding 6.25% convertible subordinated debentures due 2026 with the proceeds from the company's planned offering of $220 million of convertible subordinated debentures due 2031 along with available cash.

Wilsonville, Ore.-based Mentor Graphics provides software used in electronic design.

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