Playtex brings note repurchases to $49 million year to date, may call some 9 3/8% notes

New York, April 26 - Playtex Products, Inc. said it has bought back $49 million of its 8% notes so far this year and may call some of its 9 3/8% notes.

The Westport, Conn., personal care and consumer products company said it is aiming to repurchase $100 million of its bonds during 2006.

The $49 million of 8% notes bought back is up from $34.7 million reported on Feb. 6.

Repurchases on the open market are expected to continue, Playtex said.

In addition, the company may redeem some of the 9 3/8% notes, which become callable in June.

Through reducing its outstanding bonds, Playtex anticipates interest costs will be $7 million lower in 2006 compared to 2005.

© 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.