Comments on: How Big is Novell’s Debt? http://techrights.org/2009/06/19/novell-debt/ Free Software Sentry – watching and reporting maneuvers of those threatened by software freedom Tue, 07 Feb 2012 14:00:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Shane Coyle http://techrights.org/2009/06/19/novell-debt/comment-page-1/#comment-67182 Shane Coyle Sat, 20 Jun 2009 06:28:53 +0000 http://boycottnovell.com/?p=13461#comment-67182 Well, I'd bet that the article you linked to back then is likely referring to the very same situation that they filed <a href="http://money.cnn.com/quote/sec/sec.html?symb=NOVL&%20sequenceid=1&guid=4732459" rel="nofollow">this 8-K over</a>. <blockquote> On October 31, 2006, Novell, Inc. announced that it has amended and extended until 5:00 p.m., New York City time, on Thursday, <strong>November 2, 2006</strong>, its solicitation of consents from the holders of its 0.50% convertible senior debentures due 2024 (CUSIP Nos. 670006AB1 and 670006AC9). Novell is seeking consents to proposed amendments of certain provisions of the indenture pursuant to which the debentures were issued and a waiver of rights to pursue remedies available under the indenture with respect to certain alleged defaults thereunder. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference herein. </blockquote> Recognize the date? (Credit to Symbolset for this insight, this was originally covered <a href="http://boycottnovell.com/2006/12/31/some-interesting-financial-moves-by-novell/" rel="nofollow">here</a>) Well, I’d bet that the article you linked to back then is likely referring to the very same situation that they filed this 8-K over.

On October 31, 2006, Novell, Inc. announced that it has amended and extended until 5:00 p.m., New York City time, on Thursday, November 2, 2006, its solicitation of consents from the holders of its 0.50% convertible senior debentures due 2024 (CUSIP Nos. 670006AB1 and 670006AC9). Novell is seeking consents to proposed amendments of certain provisions of the indenture pursuant to which the debentures were issued and a waiver of rights to pursue remedies available under the indenture with respect to certain alleged defaults thereunder. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.

Recognize the date?

(Credit to Symbolset for this insight, this was originally covered here)

]]> By: EDGAR reader http://techrights.org/2009/06/19/novell-debt/comment-page-1/#comment-67176 EDGAR reader Sat, 20 Jun 2009 02:30:32 +0000 http://boycottnovell.com/?p=13461#comment-67176 Novell sold $600m in debt in 2003 or earlier. They bought a significant portion back in 2008. ("Senior convertible debentures" http://edgar.sec.gov/Archives/edgar/data/758004/000119312508259170/d10k.htm#toc57209_10) As of April 30, 2009, this debt stood at $122m. (http://edgar.sec.gov/Archives/edgar/data/758004/000119312509127853/d10q.htm#tx49928_3) This amount is likely to be reduced soon, as there is na offer to buy back the debt until July 15. (http://edgar.sec.gov/Archives/edgar/data/758004/000119312509130573/0001193125-09-130573-index.idea.htm) Novell sold $600m in debt in 2003 or earlier. They bought a significant portion back in 2008. (“Senior convertible debentures” http://edgar.sec.gov/Archives/edgar/data/758004/000119312508259170/d10k.htm#toc57209_10)

As of April 30, 2009, this debt stood at $122m. (http://edgar.sec.gov/Archives/edgar/data/758004/000119312509127853/d10q.htm#tx49928_3)

This amount is likely to be reduced soon, as there is na offer to buy back the debt until July 15. (http://edgar.sec.gov/Archives/edgar/data/758004/000119312509130573/0001193125-09-130573-index.idea.htm)

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