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Jones Apparel Group declares to extend Exchange Offer

18 May '05
3 min read

Leading branded apparel, footwear & accessories designer, marketer and wholesaler Jones Apparel Group Inc announced the extension of its, and certain of its subsidiaries', offer to exchange (the "Exchange Offer").

(i) registered 4.250% Senior Notes due 2009, for the outstanding and unregistered 4.250% Senior Notes due 2009, (ii) registered 5.125% Senior Notes due 2014, for the outstanding and unregistered 5.125% Senior Notes due 2014 and (iii) registered 6.125% Senior Notes due 2034, for the outstanding and unregistered 6.125% Senior Notes due 2034.

The Company has extended the expiration date of the Exchange Offer until 5:00 p.m., New York City Time, on May 19, 2005, unless further extended by the Company.

Except for the extension of the expiration date, all other terms and conditions of the Exchange Offer remain as set forth in the Exchange Offer documents previously furnished to holders of the unregistered notes.

This announcement is not an offer to exchange or a solicitation of an offer to exchange with respect to any unregistered notes, nor is this an offer to sell or the solicitation of an offer to buy any registered notes in any state in which such offer, solicitation or sale would be unlawful.

Jones Apparel Group, Inc. (http://www.jny.com), a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. They also market directly to consumers through our chain of specialty retail and value-based stores, and operate the Barneys chain of luxury stores.

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