National Vision Holdings Plans To Repurchase $100M of Convertible Notes; Transaction To Close On November 14, 2023
Portfolio Pulse from Benzinga Newsdesk
National Vision Holdings (EYE) has announced plans to repurchase $100M of its convertible notes. The transaction is expected to close on November 14, 2023.
November 10, 2023 | 12:41 pm
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POSITIVE IMPACT
National Vision Holdings' plan to repurchase $100M of its convertible notes could potentially reduce its debt and increase equity, which may positively impact its stock price.
Repurchasing convertible notes can reduce a company's debt and increase its equity, which can be seen as a positive sign by investors. This could potentially lead to an increase in the company's stock price.
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