SOLA buys back €0.8 million 11% notes

New York, Aug. 9 - SOLA International Inc. said it bought back €0.8 million of its 11% senior notes due 2008 in the open market during the first fiscal quarter ended June 30.

The San Diego lens manufacturer said it incurred costs of $0.1 million for tender premiums and write-off of debt issuance costs.

In the fourth fiscal quarter of the previous year SOLA bought back €2.1 million of the 11% notes in the open market.

The company paid $3.2 million for those securities, made up of $2.7 million of principal, $0.4 million of premiums and $0.1 million of accrued interest.

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