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Published on 11/15/2010 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Claire's retires $24 million senior notes for $21 million in Q3

By Melissa Kory

Cleveland, Nov. 15 - Claire's Stores, Inc. announced that it paid $21 million to retire $10 million of its senior toggle notes and $14 million of its senior notes during the three months ended Oct. 30.

Comparatively, in the three months ended July 31, the company paid $42.3 million to retire $41.6 million of senior toggle notes and $7 million of senior subordinated notes.

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


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