Vishay buys back remaining $12.4 million exchangeable floaters

By Marisa Wong

Morgantown, W.Va., June 28 – Vishay Intertechnology, Inc. repurchased the remaining $12.4 million of its floating-rate exchangeable notes due 2102 through a privately negotiated transaction, according to an 8-K filing with the Securities and Exchange Commission.

The purchase price was about $11.4 million.

Vishay will recognize a gain on early extinguishment of debt of roughly $1 million in its fiscal quarter ending July 2, the filing said.

The notes repurchased on Tuesday had been exchangeable for 807,995 shares of Vishay common stock.

Following the transaction, there are no floating-rate exchangeable notes outstanding.

Vishay is a Malvern, Pa.-based semiconductor manufacturer.

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