Elizabeth Arden to start roadshow for Rule 144A debt securities in early January

By Paul A. Harris

St. Louis, Dec. 24 - Elizabeth Arden Inc. plans to start its roadshow in early January for an offering of debt securities, according to a company spokesman.

The size, structure and maturity of the planned offering were not disclosed. And no bookrunner was identified.

Proceeds from the Rule 144A offering will be used to help fund the tender for $104 million of 11¾% senior secured notes due 2011 and the redemption of $20 million of 10 3/8% senior notes due 2007.

The redemption of the 10 3/8% notes is not subject to pricing of the debt securities and will be completed with the company's revolving credit facility if the tender offer is not consummated.

Elizabeth Arden is a New York City-based fragrance and beauty products company.

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