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Subsequent Event
12 Months Ended
Jun. 30, 2017
Subsequent Event  
Subsequent Event

 

18. Subsequent Event

        On August 7, 2017, the Company issued $85.0 million aggregate principal amount of 3.75% Convertible Senior Notes consisting of (i) $53.0 million aggregate principal amount of 3.75% Convertible Senior Notes to certain holders of the Company's outstanding Existing 3.50% Convertible Notes (the "Exchange Participants") in exchange for approximately $47.0 million aggregate principal amount of such holders' Existing 3.50% Convertible Notes and (ii) $32.0 million aggregate principal amount of 3.75% Convertible Senior Notes to certain other qualified new investors for cash. The net proceeds of the cash issuance were used to repurchase approximately $28.0 million of additional Existing 3.50% Convertible Notes from the Exchange Participants. Immediately following such transactions, approximately $40.0 million aggregate principal amount of the Existing 3.50% Convertible Notes remained outstanding.