Quiksilver announces pricing of private offering

July 11
11:45 PM 2013

Quiksilver, Inc. announced the pricing of their previous offering for Quiksilver and its wholly-owned subsidiary, QS Wholesale, Inc. The offering was priced at US$280 million cumulative principal amount of their 7.875% Senior Secured Notes which are due 2018 and the US$225 million cumulative principal amount of their 10.000% Senior Notes which are due 2020.  The 2018 notes will be issued at a 99.483% rate of their face value and the 2020 notes will be issued at a 98.757% rate of their face value. The offering is expected to close on July 16, 2013, subject to customary closing conditions.

Quiksilver announced that they intend to use the proceeds of the offering to redeem all of its outstanding 6.875% senior notes due April 15, 2015. This is to repay in full and terminate the company's existing term loan and to pay a portion of the outstanding amounts under its new asset-based revolving credit facility and to pay related fees and expenses.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics