Consensus Cloud Solutions Board Authorizes $300M Debt Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
The Board of Directors of Consensus Cloud Solutions has approved a $300 million debt repurchase program. The program, which expires on November 9, 2026, allows the company to reduce the outstanding principal balance of the 2026 Senior Notes and 2028 Senior Notes through various means, including redemptions, open market purchases, and privately negotiated purchases.
November 09, 2023 | 9:09 pm
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POSITIVE IMPACT
Consensus Cloud Solutions' debt repurchase program could potentially improve the company's balance sheet by reducing its outstanding debt, which may be viewed positively by investors.
Debt repurchase programs are often seen as a positive sign as they can reduce a company's debt burden, potentially improving its financial health. This could make the company more attractive to investors, potentially leading to an increase in the stock price.
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