Oxford Industries buys back $5 million 11 3/8% notes in third quarter

By Susanna Moon

Chicago, Dec. 7 - Oxford Industries, Inc. repurchased $5 million of its 11 3/8% senior secured notes in the fiscal third quarter ended Oct. 29, according to a 10-Q filing with the Securities and Exchange Commission.

In the first nine months of fiscal 2011, the company bought back $45 million principal amount of the notes in privately negotiated transactions for $52.2 million plus accrued interest using cash on hand.

After the repurchases, there was $105 million principal amount of the notes outstanding as of Oct. 29.

The company previously said that it purchased $40 million principal amount of the notes for $46.6 million plus accrued interest using cash on hand in May of this year.

After those repurchases, $110 million of the notes remained outstanding.

Oxford Industries is an Atlanta-based apparel design, sourcing and marketing company.

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