Charming Shoppes buys back $30 million 1.125% convertibles due 2014

By Jennifer Chiou

New York, May 27 - Charming Shoppes Inc. announced the repurchase of a total of $30 million of its 1.125% convertible notes due 2014.

The company bought back $13.5 million of the notes at a cost of $5.6 million during the first quarter ended May 2.

It also bought an additional $16.5 million of the notes for a cost of $8.2 million after that period.

Charming Shoppes, a Bensalem, Pa.-based retailer of women's plus-size apparel, issued $250 million of the notes on April 30, 2007.

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