We also showcased a new line of pet care and grooming products under the Sunbeam brand. We consistently invested in our brands and in new technologies and expect to realize benefits in the current year and over the next several years.
Ongoing efforts to expand internationally include in the near term a focus on increasing the utilization of our existing distribution platforms globally to bring a broader product offering to under penetrated markets. We are also focusing on longer-term opportunities to establish more a meaningful presents, whether organically or through acquisitions, in markets that represent potential higher growth opportunities for Jarden, such as in Brazil, China and South East Asia.
Secondly, we continue to seek to optimize the use of our excess cash beyond amounts needed for investments in our existing businesses and after evaluating several alternatives, we determined that our own company represented the most attractive investment opportunity during the first quarter.
Following our announcement in January, the launch of our modified Dutch self-tender offer, in March we advanced our shareholder value creation goals through the successful completion of the $435 million buyback at $36 per share. As previously announced, 12.1 million shares representing approximately 13.2% of our shares issued and outstanding prior to the consummation of the tender offer were tendered. A the quarter end we had approximately $65 million remaining of the total $500 million approved by our Board of Directors, for use under our ongoing share repurchase program.And third we proactively managed our capital structure by opportunistically accessing the debt capital markets. In February we successfully completed a $300 million add-on the our existing senior secured facility, to partially fund our tender offer with a view to maintaining a conservative long-term debt maturity profile, while maintain our target bank leverage ratio of 3:1 or less by year end.
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