Jones Group to pay down all revolver debt with notes proceeds

By Sara Rosenberg

New York, March 2 - Jones Group Inc. plans on repaying all $14.5 million of borrowings under its revolving credit facility with proceeds from a $300 million senior notes offering, according to a 424B3 filed with the Securities and Exchange Commission on Wednesday.

Remaining proceeds from the notes will be used for general corporate purposes.

Jones Group is a New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

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