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Published on 9/7/2010 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Claire's retires $70.2 million in senior notes for $59.1 million

By Marisa Wong

Madison, Wis., Sept. 7 - Claire's Stores, Inc. paid $59.1 million to retire $47.6 million of senior toggle notes and $22.6 million of senior subordinated notes in the six months ended July 31.

In the three months ended July 31, the company paid $42.3 million to retire $41.6 million of senior toggle notes and $7 million of senior subordinated notes.

Claire's is a Pembroke Pines, Fla.-based specialty retailer of jewelry and accessories.


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