The 2013 Notes were recorded on the balance sheets at $146.1 million and $160.3 million for March 2012 and March 2011, respectively. As a result of capitalizing the cash interest payments for the 2013 Notes, the Company will not recognize any interest expense on the 2013 Notes.
The Company paid $7.1 million in April 2012 and will pay $7.1 million in semi-annual cash interest due in October 2012. These payments are treated as reductions in the carrying value of the 2013 Notes.
Broder Bros., Co. is the nation's leading distributor of imprintable activewear in the country.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
