Safeguard Scientifics Repurchases Substantially All of $31.3 Million Outstanding Balance of 2.625% Convertible Senior Subordinated Notes Due 2024

Safeguard Scientifics, Inc. SFE today announced that on March 21, the Company completed the repurchase of $30.85 million of the outstanding balance of $31.3 million of its 2.625% convertible senior subordinated notes due 2024 at face value. The repurchase reduced the company's debt-to-equity ratio to 1:5 from 1:3 at December 31, 2010, and from 1:2 at December 31, 2009.