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.