Elizabeth Arden plans tap of 7 3/8% notes due March 2021; possibly pricing Monday

By Paul A. Harris

Portland, Ore., Jan. 27 - Elizabeth Arden, Inc. could price a $100 million add-on to its 7 3/8% senior notes due March 15, 2021 (expected ratings B1/BB-) Monday, following a late Morning conference call, according to a market source.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities LLC are the active bookrunners. HSBC Securities is the passive bookrunner.

The Rule 144A and Regulation S with registration rights are non-callable before Jan. 15, 2016.

The Miramar, Fla.-based beauty products company plans to use the proceeds to repay debt.

The original $250 million issue priced at par in January 2011.

Upon registration the add-on notes will be fungible with the existing notes.

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