08:17 AM EDT, 08/21/2024 (MT Newswires) -- Eventbrite ( EB ) said Wednesday it agreed to repurchase $120 million of its 5% convertible senior notes due 2025 in privately negotiated transactions.

The repurchase amount includes approximately $1.4 million in accrued interest, the company said.

Following completion of the repurchase, expected around Thursday, $30 million in aggregate principal of the notes will remain outstanding, Eventbrite ( EB ) said.

Price: 3.1400, Change: +0.01, Percent Change: +0.32