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BRIEF-James Hardie Industries Announces Debt Reduction

Published 15/01/2021, 07:24 pm
© Reuters.

Jan 15 (Reuters) - James Hardie Industries PLC JHX.AX :

* JAMES HARDIE INDUSTRIES ANNOUNCES DEBT REDUCTION

* TO REDUCE GROSS DEBT BY US$400 MILLION BY END OF FY2021

* VOLUNTARY REDEMPTION OF ITS 4.75% SENIOR UNSECURED NOTES DUE 2025 WITH PAYMENT OF US$410 MILLION IN PRINCIPAL & CALL PREMIUM

* FOLLOWING REPAYMENT, CO HAS LIQUIDITY OF OVER US$600 MILLION

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