James Hardie Industries Pays Off US$400M Debt Early

By Hao Liu • Friday, June 26 10:55 • Permanent Link

James Hardie redeemed US$400 million of senior unsecured notes due 2028 on June 25, removing the entire principal amount from its debt stack three years before maturity.

The notes carried a 5.00% coupon. The company paid 100% of principal, plus accrued and unpaid interest through the redemption date. As of June 25, the notes stopped being outstanding and no longer accrued interest.

The redemption eliminates US$400 million of debt that had been scheduled to mature in 2028. Today the company's shares have moved 0.9% to a price of $26.255. For more information, read the company's full 8-K submission here.

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