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Published on 8/13/2004 in the Prospect News High Yield Daily.

Jafra says $0.5 million notes tendered in change-of-control offer

New York, Aug. 13 - Jafra Worldwide Holdings (Lux) SaRL said that $0.5 million of the 10¾% notes issued by its Jafra Cosmetics International Inc. and Distribuidora Comercial Jafra SA de CV subsidiaries were tendered in its change-of-control offer for the securities.

As a result, $199.5 million principal amount of the notes remain outstanding, according to a 10-Q filing with the Securities and Exchange Commission.

The Luxembourg-based direct seller of personal care products had offered to buy the notes at 101% of par plus accrued interest.

The offer to buy back the notes was required by the acquisition of parent company Jafra SA by Vorwerk & Co. eins GmbH.


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