RBC Capital Markets, LLC acted as financial advisor and Pillsbury Winthrop Shaw Pittman LLP and Hogan Lovells US LLP served as counsel for Coldwater Creek in this transaction.
Reiterates Second Quarter Fiscal 2012 Guidance
Coldwater Creek reiterated its second quarter fiscal 2012 guidance of a loss per share of $0.15 to $0.20. This is based on 121.8 million weighted average shares outstanding, and compares with a net loss of $0.30 per diluted share on 92.6 million weighted average shares outstanding for the fiscal 2011 second quarter due to the public offering of 28.9 million shares of its common stock on October 24, 2011.
Coldwater Creek is a leading specialty retailer of women's apparel, gifts, jewelry, and accessories that was founded in 1984 and is headquartered in Sandpoint, Idaho. The Company sells its merchandise through premium retail stores across the country.
Coldwater Creek Inc