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SOLA buys back €2.1 million 11% notes
New York, June 24 - SOLA International Inc. said it bought back €2.1 million of its 11% senior notes due 2008 in the open market during the fourth fiscal quarter ending March 31, 2004.
The San Diego lens manufacturer paid $3.2 million for the securities, made up of $2.7 million of principal, $0.4 million of premiums and $0.1 million of accrued interest.
The buyback followed a tender offer completed on Dec. 11, 2003 in which SOLA bought €185 million of the €205 million of notes. After the tender, SOLA bought an additional €10.4 million of the notes in the open market on Dec. 19.
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