8-KOther Events

TERADYNE, INC 8-K Report, Corporate Update (Dec 21, 2005)

Filed December 21, 2005For Securities:TER

Summary

Teradyne, Inc. (TER) filed a Form 8-K on December 21, 2005, to report on the repurchase of its 3.75% Convertible Senior Notes due 2006. During the fourth quarter of 2005, the company repurchased $71.5 million of these notes through private transactions, completing the authorized repurchase program. These repurchases were executed at a weighted average price of 99.11% of the principal amount.

Key Highlights

  • 1Teradyne completed its authorized repurchase of 3.75% Convertible Senior Notes due 2006.
  • 2The company repurchased $71.5 million of the notes in Q4 2005.
  • 3Repurchases were conducted via privately negotiated transactions.
  • 4The weighted average repurchase price was 99.11% of the principal amount.
  • 5As of December 20, 2005, $300 million of the notes remain outstanding.
  • 6The repurchase program was authorized by the Board of Directors on August 18, 2004, and amended on October 21, 2005.

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