TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Fortrea Completes $75.7 Million Senior Notes Tender Offer Utilizing Cash on Hand

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Fortrea
Fortrea Completes $75.7 Million Senior Notes Tender Offer Utilizing Cash on Hand

Fortrea has completed a debt tender offer, purchasing $75.7 million of its outstanding 7.500% Senior Secured Notes due 2030, reducing the principal outstanding from $570 million to $494.3 million.

Insights
PHG   positive

Recognized as a leading company in the oxygen therapy equipment market with innovative technological solutions


FTRE   positive

The company successfully reduced its debt, reinforced its balance sheet strength, and demonstrated disciplined financial management by using cash on hand to fund the tender offer