INDIANAPOLIS-Brightpoint Inc., a provider of outsourced services, said it completed its plan to repurchase 130,000 of its convertible, subordinated, zero-coupon bonds due 2018.
As of December 31, 2000, the bonds had an accreted book value of approximately $506 per bond and were repurchased at an average cost of $302 per bond. Bondholders will be able to put the bonds to the company on the fifth anniversary of their issuance, which is March 11, 2003. The expected price per bond on this date is $552.07.
