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Mr. McComb concluded, "We significantly reduced our net debt position in 2011, as we completed five sale transactions that generated $471 million in proceeds. We expect year end net debt to be in the range of $265 to $270 million, below the previously guided range of $270 to $290 million. In December, we completed two transactions that further strengthened our capital structure the purchase of 100 million euro of our 5% Euro Notes as well as the exchange of $21 million of our 6% Convertible Notes into 6.2 million shares of stock. Importantly, we have sufficient cash to settle the remaining outstanding balance of 121.5 million euro of the 5% Euro Notes, which are due in July 2013."
الساعة الآن 06:41 PM.