Harry & David buys back $16.6 million senior notes, $9.8 million floaters

By Jennifer Chiou

New York, Feb. 6 - Harry & David Holdings Inc. said it repurchased $16.6 million of its fixed-rate senior notes and $9.8 million of its floating-rate notes in open market purchases in October.

Harry & David said it paid a combined purchase price of $13.3 million.

The company, which reported the buybacks in its second quarter of fiscal 2009 ended Dec. 27, said the repurchases resulted in a net gain of $12.6 million.

Harry & David is a high-end flower and fruit company based in Medford, Ore.

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