101. Investors expect the company to use the funds to reduce its debt, helping increase profit levels. 102. It can then redirect some of that money into repurchasing its shares for what it believes to be a bargain price now, as well as reducing its debt. 103. It cited improving cash flow and reduced long-term debt. 104. It also said it significantly reduced its debt, resulting in lower finance costs, and that prices and sales had begun to rise. 105. It is also working with its sister organization, the International Monetary Fund, on a plan for reducing the debts of the most highly indebted poor countries. 106. It has sold assets and restructured its business to reduce debt, and it is in the process of a boardroom reshuffling. 107. It plans to use the proceeds to reduce its debt. 108. It said it also planned to sell the Supersave Drugstores chain and combine a number of pharmacies to reduce debt. 109. It said it plans to use proceeds from the sale to reduce company debt. 110. It has since sold most of those assets to reduce debt. |