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Senior Notes

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jgulick | 19:48 Wed 25th Mar 2009 | Business & Finance
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Why do companies occasionally have cash tender offers to purchase the principal amount of x% of their Senior Notes? Is this to raise internal cash? What is the benefit?
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Avatar Image dzug
Where are you located? I've never heard of a senior note.

If it's what it sounds like it's to get rid of excess cash by in effect repaying debt.
20:10 Wed 25th Mar 2009

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