Head buys back €5.5 million of 8½% notes

Pittsburgh, Aug. 12 - Head NV bought back €5.5 million of its 8½% senior notes due 2014 in June, according to a 6-K filed with the Securities Exchange Commission.

The cash outflow from the buyback was €5 million.

The company has included the €500,000 gain from the repurchase in other comprehensive income until it resells or retires the notes, the filing said.

Head is a Rotterdam-based manufacturer and marketer of sports equipment.

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