• TAKING NOTES: Gadzooks Inc. said it has completed the private placement of $14 million of convertible subordinated notes, worth approximately 2.8 million shares of common stock. The company plans to use the approximately $13.3 million in net proceeds from the placement for “working capital and general corporate purposes.” In addition, the company also obtained a $5 million increase in its senior secured credit facility with Wells Fargo Retail Finance LLC, upping the company’s borrowing capacity to $35 million. Jerry Szczepanksi, chairman and chief executive, said the added liquidity “provides additional flexibility as we continue to refine our new female-only merchandise concept.” In July 2003 the Dallas-based retailer converted its operation to solely target 16- to 22-year-old women.

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