| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Michaels Stores Inc. > News item |
Michaels to redeem $875 million 8%, 4¾% notes due 2027
By Wendy Van Sickle
Columbus, Ohio, April 1 – Michaels Cos., Inc. indirect subsidiary Michaels Stores, Inc. called all $500 million of its 8% senior notes due 2027 and $375 million of 4¾% senior notes due 2027, according to an 8-K filing with the Securities and Exchange Commission.
The redemption is subject to the consummation of the merger of Magic MergerCo, Inc. into the company.
For each series, the redemption would take place on April 15 at par plus a make-whole premium.
Michaels is an Irving, Tex.-based retailer of arts and crafts supplies and home decor products.
© 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.