Jones Group sets put option for 6 7/8% notes after change of control

By Tali Rackner

Norfolk, Va., March 6 - Jones Group Inc. set a put option for its 6 7/8% senior notes due 2019, according to a news release.

This is a result of the change-of-control event that will occur in conjunction with the previously announced acquisition of the company by Sycamore Partners.

Holders have until 5 p.m. ET on April 3 to require the company to purchase all or part of their notes at a price of 101 plus accrued interest up to the date of purchase.

U.S. Bank NA is the depositary.

Jones is a New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

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