Tailored Brands makes $35.5 million extra payment on term loan in Q2

By Angela McDaniels

Tacoma, Wash., Sept. 7 – Tailored Brands, Inc. made a $35.5 million extra payment on its term loan in addition to its scheduled $1.8 million payment during the fiscal second quarter ended July 30, according to the company’s earnings release.

In addition, the company repurchased and retired $6.5 million of its senior notes during the fiscal second quarter and an additional $18.5 million of its senior notes subsequent to the end of the quarter.

At the end of the quarter, the company had $1.61 billion of total debt and no borrowings outstanding on its revolving credit facility.

Tailored Brands is a men’s apparel retailer based in Fremont, Calif.

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