By Stephanie N. Rotondo
Portland, Ore., Feb. 13 - Tiffany & Co. issued $250 million of its 10% series A-2009 and B-2009 notes to Berkshire Hathaway Inc. subsidiaries, the company said in a regulatory filing Friday.
Tiffany issued $125 million of each of the series A and series B notes, according to the 8-K filing.
The series A bonds mature on Feb. 13, 2017 and the series B mature on Feb. 13, 2019.
Tiffany has a make-whole call option at Treasuries plus 50 basis points.
Proceeds from the transaction will be used to refinance current indebtedness and for general corporate purposes.
Tiffany is a New York, N.Y.-based high-end jewelry retailer.
| Issuer: | Tiffany & Co.
|
| Security description: | Notes
|
| Amount: | $250 million
|
| Call: | Make-whole call at Treasuries plus 50 bps
|
| Settlement date: | Feb. 13
|
| Distribution: | Private placement
|
|
|
| Series A-2009
|
| Amount: | $125 million
|
| Coupon: | 10%
|
| Maturity: | Feb. 13, 2017
|
|
|
| Series B-2009
|
| Amount: | $125 million
|
| Coupon: | 10%
|
| Maturity: | Feb. 13, 2019
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
