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.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
For @simonerocha_‘s fall show, hairstylist @jamespecis created a look inspired by the painter John Constable. Models’ hair was pulled back, tied into knots and topped off with a bow. (📷: @kukukuba) #wwdbeauty #lfw
Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)