TAL Education expects to buy back $2.3 billion 0.5% convertibles

By Wendy Van Sickle

Columbus, Ohio, Aug. 27 – TAL Education Group entered into definitive agreements with the holders of its existing $2.3 billion 0.5% convertible senior notes due 2026 to repurchase the notes at par plus accrued interest, according to a news release Friday.

The repurchases are expected to be consummated in one or more closings by the end of December.

TAL is a Beijing-based provider of after school tutoring services.

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