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China’s 361 Degrees buys back $44.75 million of 7¼% notes due 2021
By Marisa Wong
Los Angeles, Nov. 21 – 361 Degrees International Ltd. said it has repurchased $44.75 million, or 11.19%, of its $400 million 7¼% senior notes due 2021 in the open market.
After cancellation of the repurchased notes, the remaining principal amount will be $355.25 million.
The company said it may make further buybacks of the notes.
361 Degrees is a sportswear company based in Xiamen City, China.
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