Bullboard - Stock Discussion Forum Dye & Durham Ltd T.DND

Alternate Symbol(s): DYNDF

Dye & Durham Limited is a Canada-based provider of practice management solutions. The Company offers cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical workflow software and information services, which clients use to manage their process, information and regulatory... see more

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TSX:DND - Post Discussion

Dye & Durham Ltd > offers to buy back up to $52 m of convertible debentures

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Post by Betteryear2 on Jul 24, 2023 8:21pm

offers to buy back up to $52 m of convertible debentures

Buyback offer being made at between $500 and $650 per $1,000 of face value of debenture
Offer would pay down up to $52 million of overall debt consistent with strategy to reduce total debt over time
Debt reduction is above and beyond the announced senior debt reduction through the Company's use of the up-front net proceeds to be received from the sale of TM Group

TORONTO, July 24, 2023 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), one of the world's largest providers of cloud-based legal practice management software designed to make managing a law firm, organizing cases, and collaborating with clients easy, today announced its board of directors has approved the commencement of a substantial issuer bid (the "Offer") under which the Company will offer to repurchase for cancellation up to $52,000,000 of its issued and outstanding 3.75% convertible senior unsecured debentures due March 1, 2026 ("Debentures").

Dye & Durham offers to buy back up to $52 million of convertible debentures with extra cash on hand (newswire.ca)