WebMD Health Corp. (Nasdaq: WBMD) has completed the optional redemption of its 1.75% Convertible Subordinated Notes due June 15, 2023. When the redemption was announced last month, approximately $188 million in aggregate principal amount of the 1.75% Notes were outstanding. In lieu of cash redemption, holders of substantially all of those 1.75% Notes converted their holdings into approximately 5.4 million shares of WebMD common stock. The remaining $36 thousand principal amount of the 1.75% Notes were redeemed for 100% of the principal amount plus accrued interest. As a result, WebMD no longer has any of the 1.75% Notes outstanding.
As of June 21, 2010, WebMD had approximately 58.1 million shares of common stock outstanding, including the shares issued upon conversion of the 1.75% Notes and excluding approximately 1.0 million shares of unvested restricted stock.