National Vision Has Agreed To Repurchase Approximately $218M Aggregate Principal Amount Of Its 2.50% Convertible Senior Notes Due 2025 For An Aggregate Cash Repurchase Price Of Approximately $215M Plus Accrued And Unpaid Interest On Such Notes
Portfolio Pulse from Benzinga Newsdesk
National Vision has agreed to repurchase approximately $218 million of its 2.50% convertible senior notes due 2025 for around $215 million plus accrued and unpaid interest.
August 08, 2024 | 10:13 am
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National Vision (EYE) has agreed to repurchase $218 million of its 2.50% convertible senior notes due 2025 for $215 million plus accrued and unpaid interest.
The repurchase of convertible senior notes can be seen as a positive move, reducing debt and potentially improving the company's balance sheet. This action may be viewed favorably by investors, leading to a short-term positive impact on the stock price.
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