McAfee Makes Quick Win in Software Rout With Bond Buyback

McAfee bought back about $287 million of unsecured notes at a discount, taking advantage of a software rout that hit its debt stack, according to people familiar with the situation.

The privately-held firm acquired the debt in the open market between January and March 6, spending about $239 million of cash plus accrued interest for the transactions, said the people, who asked not to be identified discussing a private matter.