NEW YORK — Perry Ellis International Inc. warned Monday it was lowering its yearly guidance because of costs associated with redeeming notes. The firm now expects earnings of $1.98 a share, compared with previous guidance of $2.50 for the fiscal year ending Jan. 31. PEI also said it completed a private offering of $150 million, 8 7/8 percent senior subordinated notes, due 2013. The Miami-based firm said it will use part of the proceeds to redeem all $100 million of its 12 1/4 percent senior subordinated notes due April 2006 at a premium of 106 1/8 percent. As a result, it will record a pretax charge to its third-quarter earnings of about $7.3 million, or about 52 cents a share, to cover the call premium and other costs associated with the redemption.

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