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Prospect News home > News index > List of issuers A > Headlines for Accolade, Inc. > News item |
Accolade repurchases $76.5 million 0.5% convertible notes due 2026
Chicago, Nov. 16 – Accolade Inc. announced that it privately negotiated with certain holders of its 0.5% convertible senior notes due 2026 to repurchase approximately $76.5 million principal amount of notes, according to a press release.
The company will pay approximately $65.8 million in cash to buy the notes.
Closing is expected on Nov. 21.
The notes will be canceled, leaving approximately $211 million of the issue outstanding.
Accolade is a Seattle-based health care technology company.
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