Cerence Repurchases $30 Million of Convertible Notes at 92% of Face Value
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Cerence Inc. has announced the repurchase of $30 million in its 1.50% Convertible Senior Notes due 2028 at 92% of face value, plus accrued interest. The company intends to cancel the repurchased notes after the transaction. This move is part of a privately negotiated agreement.
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