Men’s Wearhouse to roadshow $600 million notes starting Monday

By Paul A. Harris

Portland, Ore., June 6 – Men’s Wearhouse plans to begin a roadshow on Monday for a $600 million offering of eight-year senior notes, according to a market source.

The deal is expected to price in the middle to late part of the week ahead.

BofA Merrill Lynch and J.P. Morgan Securities LLC are the joint bookrunners for the Rule 144A and Regulation S with registration rights offer.

The notes come with three years of call protection and feature a three-year 35% equity clawback.

Credit ratings remain to be determined.

Proceeds will be used to help fund the purchase of Jos. A. Bank Clothiers a Hampstead, Md.-based designer, manufacturer and retailer of men’s apparel, footwear and accessories.

Men’s Wearhouse is a Fremont, Calif.-based specialty retailer of men’s apparel.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.