Cerence Announces Repurchase of $10 Million of 1.50% Convertible Senior Notes Due 2028
Cerence Inc. announced the repurchase of $10 million of its 1.50% Convertible Senior Notes due 2028 at 92.75% of principal plus accrued interest, aiming to lower interest expenses, reduce dilution risk, and improve leverage, reflecting strong cash flow and strategic financial management.