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Burlington Coat Factory to buy back or redeem 11 1/8%, 14½% notes
By Angela McDaniels
Tacoma, Wash., Nov. 1 - Burlington Coat Factory Warehouse Corp. plans to raise approximately $1.5 billion of new debt financing and use the proceeds to repurchase or redeem its 11 1/8% senior notes due 2014 and Burlington Coat Factory Investments Holdings, Inc.'s 14½% senior discount notes due 2014, according to an 8-K filing with the Securities and Exchange Commission.
The proceeds would also be used to repay the company's term loan facility, to make a distribution to its equity holders and for general corporate purposes.
Burlington Coat Factory is a discount retailer based in Burlington, N.J.
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