Quiksilver to close European refinancing by end of September
04 Sep '09
4 min read
Quiksilver previously announced that two separate transactions had closed and funded at the end of July. In the first transaction, Rhône, an international private equity firm with offices in New York, London and Paris, funded a 5-year senior secured term loan of approximately $150 million. In the second transaction, Bank of America and GE Capital, as joint lead arrangers, funded a new 3-year $200 million asset-based credit facility for Quiksilver's Americas business. With its new funding in place, the Company had approximately $147 million of availability under its credit lines and approximately $117 million of unrestricted cash at the end of the third quarter.
For Consolidated statements of operations click here.
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