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JCrew offers Senior Subordinated Notes
04 Oct '05
3 min read
In each case, holders that validly tender their Notes will receive accrued and unpaid interest up to, but not including, the settlement date. All holders that tender their Notes are obliged to deliver their consent to the adoption of the proposed amendments to the Indenture, even though holders that tender their Notes after the Consent Payment Deadline will not receive the Consent Payment. If the proposed amendments become effective, then all the Notes will be subject to the proposed amendments.
The tender offer and consent solicitation are conditioned upon the simultaneous closing of the IPO and the Loan Facility, as more fully described in the Offer to Purchase. The tender offer and consent solicitation are also conditioned upon the consent of holders collectively holding a majority in principal amount of the outstanding Notes. Holders of this amount of outstanding Notes have already agreed, subject to certain conditions, to tender all of their Notes. The tender by these holders would constitute the requisite consents to adopt the proposed amendments to the Indenture.
Nation's recognized fashion retailer J.Crew Group offers men's and women's apparel, shoes and accessories. It operates 158 retail stores and 43 factory outlet stores. J.Crew started in 1983, with plans to open 2 more by the end of 2005.
The tender offer and consent solicitation are conditioned upon the simultaneous closing of the IPO and the Loan Facility, as more fully described in the Offer to Purchase. The tender offer and consent solicitation are also conditioned upon the consent of holders collectively holding a majority in principal amount of the outstanding Notes. Holders of this amount of outstanding Notes have already agreed, subject to certain conditions, to tender all of their Notes. The tender by these holders would constitute the requisite consents to adopt the proposed amendments to the Indenture.
Nation's recognized fashion retailer J.Crew Group offers men's and women's apparel, shoes and accessories. It operates 158 retail stores and 43 factory outlet stores. J.Crew started in 1983, with plans to open 2 more by the end of 2005.
J.Crew Group
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