Health and Happiness buys $4.1 million of 13˝% notes on open market

Chicago, Sept. 5 – Health and Happiness (H&H) International Holdings Ltd. announced a $4.1 million buyback of its 13˝% senior notes due 2026 from the open market in a press release on Tuesday.

The rationale for the buyback is that it will reduce the company’s financing cost and help optimize its capital structure. The company will continue to explore similar opportunities.

The company repurchased the notes on Sept. 5.

The company has repurchased, with the most recent buyback, $20.2 million of the original issue of the notes, or 10.1%.

There is now $179.8 million of the notes, or 89.9%, outstanding.

Funding came from internal resources.

The health supplements and child health company is based in Hong Kong.

© 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.