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AI brief of an SEC Form 8-K · National Vision (EYE)

National Vision buys back $218 million of 2025 convertible notes using $115 million loan

Neutral Impact 3 of 5 financing Written later

National Vision agreed to repurchase about $218 million of its 2.50% convertible notes due 2025 for about $215 million in cash plus accrued interest. The company will fund the purchase with $115 million of new incremental term loans and cash on hand, with the repurchase expected to close on or about August 12, 2024. About $85 million of the 2025 notes will remain outstanding after closing, and the new loans add to the company's term debt.

Key points

  • Repurchase of about $218 million principal of 2.50% Convertible Senior Notes due 2025 for about $215 million cash, plus accrued interest
  • $115 million of incremental term loans, provided August 9, 2024, on the same terms as existing term loans
  • Repurchase expected to close on or about August 12, 2024; about $85 million of 2025 notes will remain outstanding
  • Joinder Agreement signed August 9, 2024, with Bank of America, N.A. as administrative agent

The filing

CompanyNational Vision (EYE)
Form8-K, current report
Filed with the SECAug 9, 2024, 4:05 PM ET
Accession number0001104659-24-087777

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.