Levi Strauss to call floating notes due 2012

By Michelle Anderson

Rochester, N.H., - March 1 - Levi Strauss & Co. announced that it will soon issue a redemption notice for the full outstanding $380 million of its floating-rate notes due 2012, according to a press release.

The notes become redeemable on April 1 and the company will pay 102% of par.

Levi Strauss will fund the upcoming redemption with a new seven-year $325 million senior unsecured term loan facility plus cash on hand.

Levi Strauss is a San Francisco-based brand name apparel marketer.

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