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Comtech Telecommunications Corp. announces $50.0 million common stock conversion of its 3.0pct convertible senior notes


Tuesday, 6 May 2014 10:41am EDT 

Comtech Telecommunications Corp:Announced that, as of May 5, none of its 3.0pct convertible senior notes due 2029 remain outstanding.Says it utilized about $150.0 million of its cash and cash equivalents to redeem the majority of the notes, and about $50.0 million principal amount of the notes were converted into 1,570,904 shares of the company's common stock. 

Company Quote

35.74
0.18 +0.51%
27 Feb 2015