Charming Shoppes buys $33.63 million in 1.125% convertibles due 2014

By Devika Patel

Knoxville, Tenn., Dec. 2 - Charming Shoppes Inc. said it repurchased $17,508,000 of its 1.125% convertible notes due 2014 during the fiscal third quarter ended Oct. 31 for $12.71 million. It bought an additional $16,121,000 of the convertibles after Oct. 31 for $11.31 million.

As of the end of November, the company has repurchased $85,364,000 of the convertibles in fiscal 2009 for $50.63 million.

Charming Shoppes is a Bensalem, Pa.-based specialty apparel retailer.

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