debt
confidence high
sentiment neutral
materiality 0.50
Cerence repurchases $10M of 1.50% convertible notes due 2028 at 92.75% of par
Cerence Inc.
- Repurchased $10M aggregate principal of 1.50% Convertible Senior Notes due 2028.
- Cash repurchase price of 92.75% of principal, plus accrued and unpaid interest.
- Repurchased notes to be canceled, reducing outstanding debt.
- Transactions privately negotiated with certain holders on August 25, 2026.