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Levi Strauss initiates senior notes offering of $140mn

March 12, 2013 (United States Of America)

Levi Strauss & Co. announced that it is commencing a private placement of $140 million aggregate principal amount of 6.5% senior notes due 2022.  The notes will be treated as a single series with the $385,000,000 outstanding 6.5% senior notes due 2022 issued by the company on May 8, 2012.

The senior notes are not being registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The company intends to use the net proceeds from the offering, together with cash on hand and borrowings under the company’s senior revolving credit facility, to prepay its senior term loan due 2014.


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