debt
confidence high
sentiment positive
materiality 0.65
Abercrombie & Fitch redeems $213.9M of 8.75% Senior Secured Notes due 2025
ABERCROMBIE & FITCH CO /DE/
- Redeemed all outstanding $213,906,000 aggregate principal of 8.75% Senior Secured Notes due 2025 on July 15, 2024.
- Redemption price was 100% of principal plus accrued interest up to but excluding redemption date.
- Notes are no longer outstanding; interest ceased to accrue as of the redemption date.
- Reduction of debt and elimination of future interest expense strengthens balance sheet.