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Novell To Buy Back $122M in Debt

Wade Roush 6/15/09

In a tender offer registered today with the Securities and Exchange Commission, Waltham, MA-based network software maker Novell said it will buy back up to $121.6 million in convertible debt notes from the debt holders. The one-for-one offer, which commences June 15 and expires July 14, covers 0.50 percent convertible senior debentures due in 2024, the company said in an announcement.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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