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HSN may call $240 million 11¼% notes with $600 million loan proceeds
By Susanna Moon
Chicago, April 25 - HSN, Inc. said it may use proceeds of a new loan facility to redeem its $240 million of 11¼% senior notes due August 2016.
The notes are callable on Aug. 1 at a price of 105.625, according to a company press release.
The company closed a $600 million five-year credit facility on April 24.
Proceeds will be used for general corporate purposes, which includes working capital, capital expenditures, acquisitions and share repurchases.
HSN is an interactive multi-channel retailer that markets and sells a wide range of third party and private label merchandise directly to consumers through various platforms. The company is based in St. Petersburg, Fla.
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