Overstock.com, Inc. (Nasdaq:OSTK) announced that it has redeemed for cash all of its outstanding 3.75% Senior Convertible Notes due December 1, 2011 (CUSIP No. 690370AB7) (the "Notes"). The Company funded the redemption of the Notes with a combination of cash on hand and a $17 million draw under its Financing Agreement with U.S. Bank National Association.
Overstock.com, Inc. operates as an online retailer offering discount brand, non-brand, and closeout merchandise in the United States.
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September 30th, 2011 at 09:36 am