E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers H > Headlines for HSN, Inc. > News item
Published on 9/28/2011 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P says HSN unaffected

Standard & Poor's said its ratings and outlook on HSN Inc. are not affected by its authorization of a share repurchase program for 10 million shares and a quarterly dividend of $0.125 per share starting in November.

The share repurchase program would represent a potential cash use of about $350 million, according to an S&P press release.

S&P said it expects HSN will complete the share repurchase program with cash on hand and discretionary cash flow, without increasing debt leverage.


© 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.