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Published on 3/8/2017 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Ciena buys back $46.3 million of 0.875% convertible notes due in June

New York, March 8 – Ciena Corp. repurchased $46.3 million principal amount of its 0.875% convertible senior notes due June 15, according to a 10-Q filing with the Securities and Exchange Commission.

The total purchase price was $46.3 million, the company said.

The purchase was made via a private transaction during the first three months of the company’s fiscal 2017, which ended on Jan. 31.

Following the buyback, Ciena had $185.3 million of the convertibles outstanding.

Ciena is a Hanover, Md., network technology company.


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