Mothers Work to bring $125 million 10-year notes

By Paul A. Harris

St. Louis, Mo., June 10 - Mothers Work, Inc. announced a public offering of $125 million of senior notes due 2010, on Monday.

Credit Suisse First Boston is the bookrunner.

Timing on the deal remains to be determined, according to a syndicate source.

The notes are non-callable for four years and contain an equity clawback of 35% for three years.

Proceeds will be used to repay $91.09 million of 12 5/8% senior notes due 2010, to repay subordinated notes, to pay series A and series C preferred accrued dividends, to redeem series A preferred, to repurchase series C preferred, to repay bank debt and for general corporate purposes.

The maternity apparel designer is based in Philadelphia.

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