All Posts Tagged With: "CNXT"
(CNXT) Conexant Systems’ Announces Refinancing Plan
Conexant Systems, Inc. (CNXT) announced a comprehensive refinancing plan designed to improve its balance sheet and address its liquidity needs.
Conexant is offering new 11.25% senior secured notes...
(CNXT) Conexant Tops Earnings Expectations
Conexant (CNXT) recently reported revenues of $61.8 million, up 10% year over year. Gross margin came in at 61%, up from 60.2% in the previous quarter and better than management’s expectation of 60%. Operating...
(CNXT) Conexant Systems Files Shelf Registration With SEC
Conexant Systems Inc. (CNXT) has recently announced the filing of a universal shelf registration statement with the Securities and Exchange Commission (SEC). Once the shelf registration statement gets declared,...
(CNXT) Conexant Systems Completes Debt Redemption
Conexant Systems, Inc. (CNXT) recently announced that it has completed the previously announced planned redemption of the remaining $61.4 million of outstanding aggregate principal amount of its floating...
(CNXT) Conexant Systems Retires Debt
Conexant Systems, Inc. (CNXT) recently announced that it will redeem the remaining $61.4 million of outstanding floating rate senior secured notes due in November 2010 on Dec18, 2009. Earlier, the company...
(CNXT) Conexant Systems Completes Stock Offering
Conexant Systems Inc. (CNXT) recently announced that Oppenheimer & Co. Inc, the underwriter for its recently concluded public offering of 7,000,000 shares, exercised its option to purchase an additional 1,050,000 shares. As a result of this exercise, Conexant...
(CNXT) Conexant Divests from Broadband
Conexant Systems Inc. (CNXT) recently completed the sale of its Broadband Access product lines to Ikanos Communications Inc. for $54 million. Conexant received about $47 million in cash, while the remaining payment is subject to an escrow to be released in...