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Prospect News home > News index > List of issuers Q > Headlines for Quiksilver, Inc. > News item |
Quiksilver to redeem all 6 7/8% notes due 2015 at par via new offering
By Tali David
Minneapolis, July 16 - Quiksilver, Inc. plans to redeem all $400 million of its outstanding 6 7/8% senior notes due April 15, 2015 with the proceeds of two new note offerings, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed at par plus accrued interest on Aug. 15.
The company priced $280 million of 7 7/8% senior secured notes due 2018 (B2/CCC+/) at 99.483 to yield 8% and $225 million of 10% senior unsecured notes due 2020 (Caa2/CCC/) at 98.757 to yield 10¼%.
Quiksilver is an outdoor sports lifestyle company based in Huntington Beach, Calif.
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