Overstock.com Increases Debt Repurchase Program by $10M

Overstock.com, Inc. OSTK announced today that its board of directors has authorized an increase to the Company's previously-announced Convertible Senior Notes repurchase program. The board authorized an approximately $10 million increase to the repurchase program for the purpose of reducing the Company's indebtedness under its outstanding senior notes, which are due December 1, 2011. With the increase, the aggregate amount currently authorized for repurchase is $15 million. The Convertible Senior Notes may be repurchased from time to time in open market transactions or in privately negotiated transactions.