Oxford Industries to sell $150 million six-year secured notes Tuesday

By Paul A. Harris

St. Louis, June 22 - Oxford Industries, Inc. will host a conference call at noon ET on Tuesday for its $150 million offering of six-year senior secured notes (expected ratings B2/B), according to an informed source.

The notes are expected to price Tuesday afternoon.

Banc of America Securities LLC and SunTrust Robinson Humphrey Inc. are joint bookrunners for the Rule 144A with registration rights offering.

Co-managers are Credit Suisse, BB&T Capital Markets, Barclays Capital Inc., Morgan Keegan & Co. and PNC Capital Markets.

The notes are secured by a first lien on domestic trademarks and trade names and a second lien on the collateral backing the asset-based loan.

The notes come with three years of call protection.

Proceeds will be used to fund the tender for the company's outstanding 8 7/8% notes due 2011.

The prospective issuer is an Atlanta-based apparel design, sourcing and marketing company.

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