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Ciena repurchases $29.5 million of 0.875% convertible notes due 2017
By Wendy Van Sickle
Columbus, Ohio, June 22 – Ciena Corp. repurchased about $29.5 million principal amount of its 0.875% convertible senior notes due 2017 in a private transaction on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
The company paid a total purchase price of about $29.5 million, inclusive of accrued interest. Following the repurchase, $450,465,000 principal amount of the notes remain outstanding.
Ciena is a Hanover, Md.-based supplier of communications networking equipment and software.
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