Escada announces €175 million bond offering

By Paul A. Harris

St. Louis, March 3 - German upscale women's apparel maker Escada announced Thursday that it plans to sell €175 million of bonds, with timing subject to market conditions.

Deutsche Bank Securities is expected to lead the deal, according to market sources.

The launch of the deal is believed to be imminent.

Proceeds will be used to refinance bank debt and improve the company's capital structure.

Escada is based in Aschheim/München, Germany.

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