Passage: Noting that the company is offering to buy back $154.2 million in senior notes paying 12 3/4%, he said the response will help determine future debt-reduction efforts. The offer was automatically triggered by the recent sale of Control Data's Imprimis disk-drive business to Seagate Technology Inc. Question: What was happening while the person said something about the response? Events: ['Noting', 'offering', 'buy', 'paying', 'said', 'response', 'determine', 'efforts', 'offer', 'triggered', 'sale']
offering