Global News | Jun 18, 2018
Avon Completes Early Redemption of $238 Million March 2019 Bonds
The redemption of the notes reflects the strength of the Company's cash generation and its balance sheet, which affords Avon the opportunity to pay down debt while investing in both the short term and longer term strategic initiatives that are expected to position Avon for sustained long term profitable growth.
Jan Zijderveld, Chief Executive Officer, said: "This proactive bond redemption is evidence of our ongoing commitment to maintaining capital discipline whilst also providing flexibility to allow us to pursue both our short and long-term strategic priorities. This will support Avon along its pathway to sustainable profitable growth and I’m excited about the potential of the brand”.
Read the full press release here.