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
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a loss for the fourth quarter that was narrower than last year. The company said it expects to start volume production of Model 3 by September. Palo Alto, California-based Tesla reported fourth-quarter loss of $121.3 million or $0.78... Canada based Maple Leaf Foods Inc. Wednesday said it has reached a definitive agreement with Brynwood Partner VI L.P. for the acquisition of Lightlife Foods Inc. The deal would be worth $140 million plus other costs. Light is a brand in U.S. for refrigerated plant based protein foods. A hedge fund is an alternative investment fund that uses pooled funds from accredited individuals or institutional investors and invests these funds in different assets with a goal of generating high returns. Hedge funds are generally accessible only to accredited or qualified investors. They cannot...
comments powered by Disqus
Follow RTT