Mothers Work starts roadshow Friday for $125 million eight-year notes

By Paul A. Harris

St. Louis, Mo., July 17 - The roadshow kicks off Friday for Mothers Work, Inc.'s offering of $125 million senior notes due 2010 (B3/B+), according to a syndicate source.

The roadshow is set to conclude on July 30.

Credit Suisse First Boston is the bookrunner.

The registered notes are non-callable for four years and contain an equity clawback of 35% for three years.

Proceeds will be used to repay $91.09 million of 12 5/8% senior notes due 2010, repay subordinated notes, to pay series A and series C preferred accrued dividends, redeem series A preferred, repurchase series C preferred, repay bank debt and for general corporate purposes.

The issuer is a Philadelphia-based designer of maternity 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.