Accuray Inc. Retires Convertible Notes; Indenture Discharged

What Happened
Accuray Inc. announced on June 1, 2026 that the remaining outstanding aggregate principal of its 3.75% Convertible Senior Notes due 2026 matured and were repaid in full. The Company repaid $18,000,000 of principal plus $337,500 of accrued and unpaid interest. The Notes were originally issued May 13, 2021 under an Indenture with The Bank of New York Mellon Trust Company, N.A. acting as trustee; the Indenture has been satisfied and discharged.

Key Details

• Notes: 3.75% Convertible Senior Notes due 2026, issued May 13, 2021.
• Repayment: $18,000,000 principal + $337,500 accrued interest repaid on June 1, 2026.
• Trustee/Indenture: The Bank of New York Mellon Trust Company, N.A.; the Indenture was satisfied and discharged and the Company is released from remaining obligations except those provisions that expressly survive discharge.
• SEC filing: Form 8-K (Items 1.02 and 7.01) filed June 4, 2026.

Why It Matters
Repaying the notes removes $18 million of convertible debt from Accuray’s balance sheet, eliminating future interest obligations on that instrument and removing potential conversion-related dilution tied to these notes. The discharge of the Indenture ends the contractual framework governing these notes, leaving only any provisions that by their terms survive discharge. This is a material capital-structure event investors should note when assessing the company’s debt profile and future interest expense.