Tailored Brands to draw on revolver for partial note redemption

New York, June 21 – Tailored Brands, Inc. will borrow from its revolving credit facility to help fund the redemption of $175 million of its $403.67 million of outstanding 7% senior notes due 2022 on July 23, according to a news release.

The company will use $50 million of cash on hand for the repayment and revolver borrowings for the remainder.

Tailored Brands is a Fremont, Calif., retailer of men’s tailored clothing and formalwear.

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