Levi Strauss to prepay loan with note proceeds, revolver borrowings

By Tali David

Minneapolis, March 11 - Levi Strauss & Co. plans to prepay its senior term loan due 2014 with the proceeds of a $140 million senior note offering and borrowings under the company's senior revolving credit facility, according to a press release.

Funds will also come from cash on hand.

Levi Strauss is a San Francisco-based apparel maker.

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