InfoUSA has repurchased $1 million of its 9.5% corporate bonds. The Omaha, NE-based database services firm has bought back $5 million of corporate bonds since the beginning of the year.
This is the third repurchase the firm has made of its bonds so far this year, and the second repurchase in two weeks.
“We are committed to aggressively de-leveraging the company and using our excess cash flow to pay down our long-term debt obligations,” said Vin Gupta, CEO, in a statement.
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