Nuance Communications Inc.

09/29/2021 | Press release | Distributed by Public on 09/29/2021 14:20

Senior Notes Indenture (Form 8-K)

Other Events.

On September 29, 2021, Nuance Communications, Inc. (the "Company") issued a notice of full redemption pursuant to the indenture governing its 1.50% Senior Convertible Debentures due 2035 (CUSIP No. 67020Y AG5) (the "1.50% Senior Notes") announcing that it intends to redeem all of its outstanding 1.50% Senior Notes on November 5, 2021 (such date, the "Redemption Date") at a redemption price equal to 100% of the principal amount of the 1.50% Senior Notes, plus accrued and unpaid interest thereon, to, but not including, the Redemption Date.

The 1.50% Senior Notes may be converted at any time before 5:00 p.m. Eastern Time on November 4, 2021, the business day prior to the Redemption Date, in accordance with the terms and conditions set forth in the 1.50% Senior Notes and the underlying indenture. The current conversion rate is 48.5216 shares of Nuance common stock per $1,000 principal amount of 1.50% Senior Notes, which is equivalent to a conversion price of approximately $20.61 per share.

The redemption is being made solely pursuant to Nuance's Notice of Redemption dated September 29, 2021, which will be delivered to the holders of the 1.50% Senior Notes by U.S. Bank National Association, the trustee under the 1.50% Senior Notes indenture. This Current Report on Form 8-Kdoes not constitute a notice of redemption of the 1.50% Senior Notes.

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