Conexant retires $106.7 million of convertible subordinated notes
Conexant Systems, Inc. today announced that it retired $106.7 million in aggregate principal amount of its outstanding 4% convertible subordinated notes due in 2026 at a purchase price equal to 101.9 percent of par value, plus accrued and unpaid interest up to but not including the date of payment.
Conexant Systems announced that it intends to redeem the remaining $11,218,000 aggregate principal amount of outstanding 4.00 percent convertible subordinated notes due 2026 on March 1.