New Issue: Oxford Industries ups eight-year notes deal to $200 million, yields 9%

By Paul A. Harris

St. Louis, May 6 - Oxford Industries Inc. priced an upsized $200 million of 8 7/8% senior notes due June 1, 2011 (B2/B) Tuesday at 99.287 to yield 9%, according to an informed source.

Price talk was 9%-9¼%. The deal was increased from $175 million.

Merrill Lynch & Co. was the bookrunner. SunTrust Robinson Humphrey was the co-manager.

Proceeds will be used to help finance the acquisition of Viewpoint International, Inc.

The issuer is an Atlanta-based manufacturer and wholesale marketer of branded and private label apparel for men, women and children.

Issuer:	Oxford Industries Inc.
Amount:	$200 million (increased from $175 million)
Maturity:	June 1, 2011
Security description:	Senior notes
Bookrunner:	Merrill Lynch
Co-manager:	SunTrust Robinson Humphrey
Coupon:	8 7/8%
Price:	99.287
Yield:	9%
Spread:	510 basis points
Call features:	Callable on June 1, 2007 at 104.438, then at 102.219, declining to par on June 1, 2009 and thereafter
Equity clawback:	Until June 1, 2006 for 35% at 108.875
Settlement date:	May 16, 2003 (T+8)
Ratings:	Moody's: B2
	Standard & Poor's: B
Rule 144A Cusip:	691497AA9
Price talk:	9%- 9¼%

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