Verenium Completes Repurchase Of Senior Notes

4/2/2012 5:45 PM ET

Biotechnology company Verenium Corp. (VRNM: Quote) said Monday it has repurchased all its outstanding 5.5 percent convertible senior notes due 2027.

The tender offer period for the put option on the notes expired on March 30

All noteholders validly tendered their notes and the company repurchased the outstanding principal amount of $34.9 million.

Verenium paid $35.8 million in cash to its noteholders, including accrued and unpaid interest, for completing this repurchase.

Click here to receive FREE breaking news email alerts for Verenium Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 335 Articles

Editors Pick

AMD Posts Narrower Loss

Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Stocks Close Mixed Following Lackluster Trading Day - U.S. Commentary

After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves.

Kerry: Agreement Reached On Plan To Defuse Ukraine Crisis

U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.