NEW YORK — Elizabeth Arden Inc. said it plans to offer $150 million of its senior subordinated notes due 2014.
The deal is subject to market and other conditions.
The New York-based prestige fragrance and beauty products company said in a statement it intends to use the net proceeds to repurchase $104 million aggregate principal amount of its 11 3/4 percent senior secured notes due 2011 pursuant to a cash tender offer. It also said the proceeds would allow for consent solicitation for all of the outstanding 11 3/4 percent notes launched on Dec. 24, 2003, and to redeem $20 million aggregate principal amount of its 10 3/8 percent senior notes due 2007.
The debt offering is conditioned on the success of the tender offer.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)