Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Health and Happiness reports partial repurchase of 5 5/8% notes
Buffalo, N.Y., Nov. 1 – Health and Happiness (H&H) International Holdings Ltd. repurchased a portion of its 5 5/8% senior notes due 2024 on the open market, according to a notice on Wednesday.
Since its last reported buyback on Feb. 1, the company repurchased an aggregate total of $13.15 million of the notes, representing about 4.38% of the initial issue. It further repurchased $10.3 million, representing about 3.43% of the initial issue, on Wednesday.
To date, the company has repurchased $53,794,000 of the notes, representing roughly 17.93% of the initial issue; $74,551,000 of the series remains outstanding.
The buybacks, funded by internal resources, took place to reduce the company’s financing costs and to optimize its capital structure.
The series was issued on Oct. 24, 2019, totaling $300 million.
The health supplements and child health company is based in Hong Kong.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.