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government-trade

Denim Dish: Levi’s Extends Buyback

Levi’s extends notes buyback.

Levi Strauss & Co. has extended the exchange offer on some of its outstanding notes by one week to June 16, the firm said Tuesday. Previously, the offer to exchange $575 million publicly registered 12.25 percent notes due 2012 for a like amount of outstanding unregistered notes was to expire June 9. The San Francisco-based company has completed a series of financial exchanges this year in an effort to allow its outstanding bonds to trade hands more freely.

The privately held company remains largely in the hands of descendants of Levi Strauss, but reports its financial results to the Securities & Exchange Commission because of its bond issues.