Conexant to redeem convertible subordinated notes
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.
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.