Avon Products, Inc. (NYSE:AVP) announced in mid-June the early redemption of the remaining March 2019 bonds.
The company redeemed the outstanding principal amount of its 6.50 percent senior notes due March 1, 2019 at a redemption price equal to 102.588 percent of the principal amount thereof, plus accrued and unpaid interest to, but excluding June 18, 2018, the redemption date. The aggregate principal amount of the notes outstanding was $237.823 million. The company fully funded the redemption using cash flow from operations.