Prestige Brands Holdings repays $8 million of term loan borrowings

By Sara Rosenberg

New York, Nov. 5 - Prestige Brands Holdings Inc. repaid $8 million of its term loan using proceeds from the sale of three shampoo brands, according to a news release.

The sale was completed on Oct. 28.

In addition, during the second quarter, the company repaid $23 million of its term loan using free cash flow.

Prestige Brands is an Irvington, N.Y.-based marketer and distributor of brand name over-the-counter health care, personal care and household cleaning products.

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