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Technology Stocks : Nuance Communications, Inc.
NUAN 15.20-0.5%12:29 PM EDTNews

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From: Sr K3/13/2017 9:01:39 AM
   of 827
 
3/13/2017

from Briefing.com

7:47 am Nuance Communications announces a $350 mln offering of senior convertible notes due 2025 in a private placement ( NUAN) : Nuance intends to use ~$150 million of the net proceeds from this offering to repurchase shares of Nuance's common stock concurrently with the pricing of the notes in negotiated transactions with institutional investors in the offering, subject to availability. Nuance intends to use the remaining net proceeds, together with cash on hand, to repurchase, redeem, retire or otherwise repay all of its outstanding 2.75% senior convertible debentures due 2031.
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