Volcano to repurchase $90 million of 2.875% convertibles via offering

By Tali David

Minneapolis, Dec. 10 - Volcano Corp. plans to use about $105 million of the proceeds of its convertible note offering to fund repurchases of $90 million principal amount of its outstanding 2.875% convertible senior notes due 2015, according to an 8-K filed with the Securities and Exchange Commission.

The company priced $460 million of the new convertibles on Dec. 10.

Rancho Cordova, Calif.-based Volcano develops, manufactures and sells intravascular ultrasound and functional measurement products for vascular and structural heart disease.

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