Quiksilver Inc. said it reached an agreement with the private equity firm Rhone to exchange $75 million of the outstanding principal amount of its senior secured term loans for about 16.7 million shares of its common stock at an exchange price of $4.50 a share.
Under the terms of the parties’ agreement, Quiksilver has an option, for a 60-day period following the execution of a definitive agreement, to require Rhone to exchange up to another $65 million of the remaining outstanding principal amount of the loans for additional shares at the same price per share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"