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National Vision Holdings (EYE) has issued an announcement.
Nautilus Acquisition Holdings and its subsidiaries have entered into an agreement to secure $115 million in incremental term loans to fund the repurchase of a portion of their 2.50% Convertible Senior Notes due in 2025. The loans, which share terms with existing ones, will be combined with on-hand cash to finance this transaction. The repurchase, expected to close around August 12, 2024, involves buying back approximately $218 million of the notes at a price of $215 million plus interest. This strategic financial maneuver aims to optimize the company’s debt profile and is detailed in recent press releases and regulatory filings.
Learn more about EYE stock on TipRanks’ Stock Analysis page.
