Quiksilver Announces $500 Mln Private Notes Offering

(RTTNews) - Quiksilver, Inc. (ZQK) said Tuesday that the company and its wholly-owned subsidiary, QS Wholesale, Inc., plan to offer $250 million aggregate principal amount of Senior Secured Notes due 2018 and $250 million aggregate principal amount of Senior Notes due 2020.

Quiksilver said it plans to use the proceeds of the offering to redeem all of its outstanding 6.875% senior notes due April 15, 2015, to repay in full and terminate its existing term loan, to pay down a portion of the outstanding amounts under its new asset-based revolving credit facility and to pay related fees and expenses.