361 Degrees halves a high-interest portion of its debt

2021-02-01T15:15:00

The Chinese sportswear company successfully completed a tender offer for about half of its remaining 7.25 percent senior unsecured notes, reducing the total amount still due to be redeemed by June 3 from $266.1 million down to $127.8 million. The move has allowed 361° to considerably cut its total indebtedness ...

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