Abercrombie to repay term loan and some revolver drawings with notes

By Sara Rosenberg

New York, June 17 – Abercrombie & Fitch Management Co. plans to refinance its existing term loan B and pay down a portion of its outstanding revolving credit facility borrowings using proceeds from a $300 million senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used to pay related fees and expenses and for general corporate purposes.

Abercrombie is a New Albany, Ohio-based specialty retailer, offering an assortment of apparel, personal care products and accessories for men, women and kids,

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