361 Degrees buys back $4 million of 4.5% convertible bonds due 2017

By Marisa Wong

Madison, Wis., Jan. 30 - 361 Degrees International Ltd. said it repurchased a total of $4 million, or 2.67%, of its $150 million outstanding 4.5% convertibles bonds due April 3, 2017 through over-the-counter purchases on Jan. 23, Jan. 24 and Jan. 27.

Settlement of the buybacks occurred on Jan. 28, Jan. 29 and Jan. 30, respectively, and all of the repurchased bonds were canceled on Jan. 30.

There is now $146 million principal amount of the bonds outstanding.

361 Degrees is a sportswear company based in Xiamen City, China.

© 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.