Health and Happiness reports partial repurchase of 5 5/8% notes

Buffalo, N.Y., Nov. 1 – Health and Happiness (H&H) International Holdings Ltd. repurchased a portion of its 5 5/8% senior notes due 2024 on the open market, according to a notice on Wednesday.

Since its last reported buyback on Feb. 1, the company repurchased an aggregate total of $13.15 million of the notes, representing about 4.38% of the initial issue. It further repurchased $10.3 million, representing about 3.43% of the initial issue, on Wednesday.

To date, the company has repurchased $53,794,000 of the notes, representing roughly 17.93% of the initial issue; $74,551,000 of the series remains outstanding.

The buybacks, funded by internal resources, took place to reduce the company’s financing costs and to optimize its capital structure.

The series was issued on Oct. 24, 2019, totaling $300 million.

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

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