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.
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