Powerwave buys back another $4 million 1.875% convertibles

By Toni Weeks

San Diego, Aug. 10 - Powerwave Technologies, Inc. said it repurchased $4 million of its 1.875% convertible senior subordinated notes due 2024 on Aug. 8, according to a 10-Q filing with the Securities and Exchange Commission.

As previously reported, the company bought back $42.6 million of the 1.875% convertibles in conjunction with the July 26 private placement of $100 million of 2.75% convertible senior subordinated notes due 2041.

Following these repurchases, the remaining amount of the 1.875% convertibles is $11.3 million.

The issuer is a Santa Ana, Calif.-based supplier of end-to-end wireless services for wireless communications networks.

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