Posted On: 08/30/2015 11:34:46 AM
Post# of 98254
$ABOT Announced the Retiring of $320K of Debt as of 8/10/2015
http://finance.yahoo.com/news/abt-announces-r...00020.html
This debt was in the form of multiple Notes, which were due in the 4Q15. The Company's total debt balance, after this settlement has been reduced by 24.87% from the total outstanding note reported in the recent quarter ended on June 30, 2015.
Imran Firoz, ABT's Chief Financial Officer, said, "This debt reduction is in line and consistent with our goals to continue to strengthen our financial position and enhance equity returns for our shareholders. The retirement of these notes and the careful de-leveraging of the Company will allow us to move towards an optimum cost of capital."
Learn more about ABOT here ~ http://007stockchat.com/blog/viewpost/376
http://finance.yahoo.com/news/abt-announces-r...00020.html
This debt was in the form of multiple Notes, which were due in the 4Q15. The Company's total debt balance, after this settlement has been reduced by 24.87% from the total outstanding note reported in the recent quarter ended on June 30, 2015.
Imran Firoz, ABT's Chief Financial Officer, said, "This debt reduction is in line and consistent with our goals to continue to strengthen our financial position and enhance equity returns for our shareholders. The retirement of these notes and the careful de-leveraging of the Company will allow us to move towards an optimum cost of capital."
Learn more about ABOT here ~ http://007stockchat.com/blog/viewpost/376
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