Eagle Food repurchases further $2.4 million senior notes

New York, Dec. 19 - Eagle Food Centers, Inc. said it repurchased a further $2.4 million of its senior notes during the third quarter of fiscal 2001, bringing the buybacks to $4.2 million for the first nine months of the fiscal year.

The cost of the most recent purchases was $1.4 million, according to information in filings with the Securities and Exchange Commission. Total spending on repurchases so far this fiscal year is $2.5 million.

The Milan, Ill. company funded the note buybacks with borrowings from its revolving credit facility. As of Nov. 3, the end of the fiscal third quarter, Eagle Food had $23.3 million outstanding on the revolver, which is $50 million in size and matures Aug. 24, 2004.

End

© 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.