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FMSA Holdings Inc. (FMSA) Is Rising After Debt Repurchase

FMSA Holdings Inc. (FMSA) announced after the bell Tuesday that it has repurchased $213.0 million of term loans outstanding under its existing credit agreement at a discount through a Dutch auction. The stock is now up 1 point on 4K shares.

FMSA Holdings gapped open lower Tuesday, but traded in a range for the majority of the session. The stock closed down by 0.41 at $8.00 and set a 2-week low.

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