Bluestem Brands launches tender offer for $20 million of term loan

By Sara Rosenberg

New York, Aug. 12 – Bluestem Brands Inc. is offering to buy back $20 million of its term loan debt in Dutch auction tender offer, according to a market source.

The maximum price for the tender is 82, the source said.

Credit Suisse Securities (USA) LLC is leading the transaction.

Lender responses are due by 4 p.m. ET on Tuesday, the source added.

Bluestem is an Eden Prairie, Minn.-based online retailer of a broad selection of name brand and private label general merchandise.

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