NQ Mobile (NQ) to Repurchase $172.5M of 4% Conv. Senior Notes

October 18, 2016 7:03 AM EDT

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

NQ Mobile Inc. (NYSE: NQ) announced that the Company has repurchased an aggregate principal amount of US$172.5 million of all its outstanding 4.00% convertible senior notes due 2018 (the "Notes") upon exercise of the put option by holders of the Notes. The repurchase price equals to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest up to, but excluding, October 15, 2016. The full amount of the repurchase price was paid to Deutsche Bank Trust Company Americas, as trustee and paying agent, and will be distributed by Deutsche Bank to holders of the Notes pursuant to the indenture between the Company and the trustee.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News

Related Entities

Deutsche Bank, Twitter

Add Your Comment