Mothers Work repurchases $5.859 million 11¼% notes, calls $4.141 million more

By Laura Lutz

Des Moines, Aug. 24 - Mothers Work, Inc. bought back $5.859 million of its outstanding 11¼% senior notes.

The company also announced plans to redeem $4.141 more of the notes to complete the $10 million repurchase authorized by its board.

The company will redeem the notes at a price of 105.625% plus accrued interest on Sept. 27.

Mothers Work is a Philadelphia-based designer and retailer of maternity clothes.

© 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.