Health and Happiness buys back $500,000 5 5/8% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Feb. 1 – China’s 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.

The company bought a total of $500,000, or 0.17%, of the outstanding principal amount of the notes on Jan. 31.

Up to Feb. 1, the company has bought back a total of $30.344 million, or 10.11%, of the principal amount of the notes.

The buybacks, funded by internal resources, took place to reduce the company’s financing costs and to optimize its capital structure.

The series, totaling $300 million, was issued on Oct. 24, 2019.

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.