Rafaella Apparel offers to buy back up to $221,000 of 11¼% notes

By Angela McDaniels

Seattle, Oct. 9 - Rafaella Apparel Group, Inc. has begun an excess cash flow offer to purchase up to $221,000 principal amount at maturity of its 11¼% senior secured notes due 2011, according to a company news release.

The company will pay 101% of par plus accrued interest up to but excluding the payment date.

The offer will expire at 5 p.m. ET on Nov. 5.

For more information, call William Buckley at the Bank of New York (212 815-5788).

New York-based Rafaella designs and markets women's career apparel and casual sportswear.

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