DEBT AND EQUITIES
Digital River Inc., Minnetonka, has repurchased $150 million of its 2 percent convertible senior notes due 2030 for $153.75 million in cash, excluding accrued interest. After the closing of this repurchase, $145.8 million of notes remain outstanding. The company expects to record a one-time pretax charge in the first quarter of fiscal 2014 of about $5.2 million related to settlement of the notes and acceleration of the recognition of deferred financing costs associated with the repurchased notes. Excluding the one-time charge, pretax savings related to interest and amortization of deferred financing costs on the repurchased notes will be about $300,000 for the first quarter of 2014 and $2.9 million for the full year 2014.
