Perry Ellis to redeem 8 7/8% notes, reduce debt with notes proceeds

By Toni Weeks

San Diego, Feb. 28 - Perry Ellis International Inc. said in a news release that it will use the proceeds from its planned offering of $125 million senior subordinated notes due 2019 to redeem its currently outstanding 8 7/8% senior subordinated notes due 2013.

The company also will use proceeds to pay down some of its senior credit facility.

Perry Ellis is a Miami-based men's and women's clothing designer, marketer and retailer.

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