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Nuance launches $300M debt offering

Jun. 14, 2016 10:14 AM ETMicrosoft Corporation (MSFT) StockBy: Eric Jhonsa, SA News Editor
  • Nuance (NUAN -1.1%) has launched a $300M offering of senior notes due 2024. Net proceeds will be used for "general corporate purposes," and potentially for acquisitions.
  • The voice recognition software/service provider over $340M and over $2.1B in debt at the end of March. In early March, Nuance agreed to buy back $500M worth of shares from Carl Icahn.

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