Levi Strauss calls all $200 million 5% notes due 2025 at 101.667

By Marisa Wong

Los Angeles, Sept. 1 – Levi Strauss & Co. announced it will redeem all of its $200 million outstanding 5% senior notes due 2025 on Sept. 30.

The notes will be redeemed at 101.667 plus accrued interest up to but excluding the redemption date, according to a news release.

The company plans to use cash on hand to fund the redemption.

Wells Fargo Bank, NA is the trustee.

The San Francisco-based brand name apparel and jeanswear company said the redemption will save it about $10 million annually in interest expense.

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