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Bakers completes equity & debt transaction
05 Feb '08
3 min read
In December, we announced the sale of an operating lease netting our Company $5.0 million and today we improved our financial flexibility with the closing of this equity and debt transaction. We believe these efforts will allow us to advance shareholder value as we focus on the execution of our plans.”
Andrew Shayne, Chief Investment Officer of PEMG stated: “We believe in the future success of Bakers Footwear and are delighted to assist the company with its financing objectives. We look forward to a long and productive relationship.”
The shares of common stock and notes representing the Loan have not been registered under the Securities Act of 1933 (the Securitas Act), or any state securities laws, and were made in a private transaction under Regulation D. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the common stock.
Until this registration statement is declared effective by the SEC, the shares of common stock may not be reoffered or resold in the United States unless the re-offer or resale is registered or unless an exemption from the registration requirements of the Securities Act and applicable state laws is available.
Andrew Shayne, Chief Investment Officer of PEMG stated: “We believe in the future success of Bakers Footwear and are delighted to assist the company with its financing objectives. We look forward to a long and productive relationship.”
The shares of common stock and notes representing the Loan have not been registered under the Securities Act of 1933 (the Securitas Act), or any state securities laws, and were made in a private transaction under Regulation D. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the common stock.
Until this registration statement is declared effective by the SEC, the shares of common stock may not be reoffered or resold in the United States unless the re-offer or resale is registered or unless an exemption from the registration requirements of the Securities Act and applicable state laws is available.
Bakers Footwear Group Inc
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