Fifth & Pacific redeems all remaining €52.9 million of its 5% notes

By Tali David

Minneapolis, July 12 - Fifth & Pacific Cos., Inc. redeemed all of its remaining €52.9 million 5% notes due July 2013, according to news release.

The notes were redeemed at 104.746 plus accrued interest, totaling €55.4 million.

The redemption was funded by a portion of the net proceeds of the company's June issuance of $152 million 10½% senior secured notes due 2019.

Fifth & Pacific is the successor to Liz Claiborne, Inc., a New-York-based designer and marketer of retail-based brands.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.