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January 2006
ZIX PAYS DOWN ANOTHER $5 MM IN DEBT
Zix Corp. (Dallas) announced that it has paid down another $5 million in debt (plus $300,000 in premiums and accrued interest) and has issued a warrant allowing the holder of the convertible notes to acquire 650,558 shares of common stock at $5.38 per share. The company has redeemed a total of $15 million in convertible notes (EHI E-Mail Update, Dec. 26, 2005), leaving another $5 million outstanding.
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