Cerence Inc. filed a Form 8-K on August 26, 2026, disclosing that on August 25, 2026, the company entered into privately negotiated transactions to repurchase $10 million in aggregate principal amount of its 1.50% Convertible Senior Notes due 2028 at a cash price of 92.75% of par.

Key Highlights

  • Note repurchase size: $10 million aggregate principal amount of 1.50% Convertible Senior Notes due 2028 was agreed to be repurchased.
  • Repurchase price: The cash repurchase price equals 92.75% of the principal amount of the Notes.
  • Accrued interest: The company also agreed to pay accrued and unpaid interest up to, but not including, the settlement date.
  • Counterparties: The transactions were privately negotiated with certain existing holders of the Notes.
  • Cancellation intended: According to the filing, the company intends to cancel the repurchased Notes.

Cerence's Privately Negotiated Repurchase of 2028 Convertible Notes

Cerence Inc. (NASDAQ:CRNC), a Delaware-incorporated company headquartered in Burlington, Massachusetts, disclosed in an Item 8.01 Other Events filing that it entered into privately negotiated transactions on August 25, 2026, with certain holders of its outstanding 1.50% Convertible Senior Notes due 2028. Under the terms described in the filing, the company agreed to repurchase $10 million in aggregate principal amount of those Notes.

According to the filing, the agreed cash repurchase price is equal to 92.75% of the principal amount of the Notes, meaning the company is acquiring the debt at a discount to face value. In addition to the 92.75% repurchase price, the company agreed to pay accrued and unpaid interest on the repurchased Notes up to, but not including, the settlement date. The filing does not specify the exact settlement date.

The filing states that the company intends to cancel the repurchased Notes following settlement. The Form 8-K was signed by Jennifer Salinas, Executive Vice President, Chief Administrative Officer and General Counsel of Cerence Inc., on August 26, 2026. No additional financial detail, such as the source of funds for the repurchase, was provided in the filing.

What Was Disclosed

Cerence Inc. reported the privately negotiated repurchase of $10 million principal amount of its 1.50% Convertible Senior Notes due 2028 at 92.75% of par, plus accrued interest, with an intent to cancel the Notes upon settlement.