Stewart Enterprises reports repurchase of $6 million of convertibles

By Angela McDaniels

Tacoma, Wash., June 8 - Stewart Enterprises Inc. has repurchased $6 million of its senior convertible notes in the open market during fiscal year 2010, according to the company's earnings release for the second quarter ended April 30.

In total, the company has repurchased $88.6 million of the convertibles as of June 8.

The company has two issues of senior convertibles notes: 3.125% convertibles due 2014 and 3.375% convertibles due 2016.

Stewart Enterprises is a Jefferson, La.-based provider of funeral and cemetery products and services.

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