Home / Knowledge / News / Apparel/Garments / Nine West closes Jones Group's senior notes exchange offer
Nine West closes Jones Group's senior notes exchange offer
22
Apr '14
Nine West Holdings, Inc. announced the expiration and final results of the previously announced private offer to certain eligible holders to exchange (the "Exchange Offer") any and all of the outstanding 6.875% Senior Notes due 2019 (CUSIP No. 48020 UAA6) (the "Old Notes") of The Jones Group Inc., Jones Apparel Group Holdings, Inc., Jones Apparel Group USA, Inc. and JAG Footwear, Accessories and Retail Corporation, for a new series of 8.250% Senior Notes due 2019 (the "New Notes") of the Company.  
 
The Exchange Offer was made in connection with the acquisition of The Jones Group Inc. by entities affiliated with Sycamore Partners, L.P.  The Company is the surviving corporation and obligor on the New Notes.
 
The Exchange Offer expired at 11:59 p.m., New York City time, on April 18, 2014 (the "Expiration Date"). As of the Expiration Date, the Company received valid tenders from holders of $366,776,000 in aggregate principal amount of the Old Notes, representing 91.69% of the outstanding principal amount of the Old Notes.  The Company has accepted all the Old Notes validly tendered and not validly withdrawn as of the Expiration Date.
 
Eligible holders of the Old Notes who tendered prior to 5:00 p.m., New York City time, on April 4, 2014, which was the "Early Participation Deadline" for the Exchange Offer, will receive $1,000 principal amount of New Notes in exchange for each $1,000 principal amount of related Old Notes, which includes the early participation consideration of $30 principal amount of New Notes for each $1,000 principal amount of Old Notes. 
  
Eligible Holders who tendered their Old Notes after the Early Participation Deadline and prior to the Expiration Date will receive $970 principal amount of New Notes in exchange for each $1,000 principal amount of related Old Notes tendered.  The settlement date of the Exchange Offer is expected to occur on April 23, 2014.
 

Nine West Holdings

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search