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.