Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item |
Smith & Wesson repays $100 million under revolving line of credit
By Toni Weeks
San Luis Obispo, Calif., May 14 – Smith & Wesson Holding Corp. announced that it repaid in full the $100 million it had borrowed from its revolving line of credit in December.
After the paydown, availability on the line of credit was up to the full $175 million, according to a press release.
The company also said it plans to redeem all $100 million principal amount of its 5 7/8% senior notes due 2017 with bank borrowings and existing cash on June 15.
The redemption price will be 102.9375% of par plus accrued interest.
The designer and manufacturer of firearms is based in Springfield, Mass.
© 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.