Oxford Industries draws on revolver to purchase $33.2 million 8 7/8% notes

By Jennifer Chiou

New York, March 5 - Oxford Industries, Inc. announced that it drew $25 million under its U.S. revolving credit facility during the fiscal fourth quarter ended Jan. 31 to buy back $33.2 million face value of its 8 7/8% senior notes.

The company said it expects to record a pre-tax gain in the quarter of $7.8 million.

Oxford Industries is an Atlanta-based designer, producer, seller and distributor of branded and private-label apparel and footwear.

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