Claire's Stores to refinance notes with stock IPO proceeds

By Tali David

Minneapolis, May 3 - Claire's Stores, Inc. plans to use the proceeds of an initial public offering of common stock to refinance some existing notes, according to an S-1 filing with the Securities and Exchange Commission.

Claire's Inc. registered to sell up to $100 million of stock. Claire's Stores is a subsidiary.

Proceeds will also be used for general corporate purposes.

Claire's is a Pembroke Pines, Fla.-based retailer of fashion accessories and jewelry.

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