Quiksilver to redeem all 6 7/8% notes due 2015 via new offerings

By Tali David

Minneapolis, July 9 - Quiksilver, Inc. plans to redeem all of its outstanding 6 7/8% senior notes due April 15, 2015 with the proceeds of two new note offerings, according to a press release.

Proceeds will also be used to repay in full and terminate the company's existing term loan, to pay down a portion of the outstanding amounts under its new asset-based revolving credit facility and to pay related fees and expenses.

Quiksilver is an outdoor sports lifestyle company based in Huntington Beach, Calif.

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