logo
Share SHARE
FONT-SIZE Plus   Neg

Verenium Completes Repurchase Of Senior Notes

Biotechnology company Verenium Corp. (VRNM) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT