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The company will prepay the remaining $250 million of 8 percent senior notes on Dec. 16, 2013, completing its successful multiyear campaign to use cash flow to retire all of the company's bond debt except for its $1 billion of 6.375 percent notes.
The company expects to incur costs of approximately $15 million in the fourth quarter of 2013 for bond prepayment expenses and acceleration of noncash unamortized debt costs. The expectation for these costs has been previously communicated and is incorporated in the company's 2013 financial guidance.
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