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  The Company has accepted all the Old Notes validly tendered and not validly withdrawn as of the Expiration Date.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

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search