Cerence Agrees To Repurchases $10M Of 1.50% Convertible Senior Notes Due 2028 At 92.75% Of Par
Cerence Inc. (NASDAQ:CRNC) ("Cerence AI" or "the Company"), a global leader pioneering conversational AI-powered user experiences, today announced that, in light of its current cash position and outlook
Cerence is using some of its cash to buy back its own debt at a discount, which means it's paying less than the full amount owed. This shows the company feels confident enough about its money situation to make this move.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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