Jarden Corporation announced that it intends to offer $250 million in aggregate principal amount of senior subordinated convertible notes due 2019 in a private offering to institutional buyers.
The company intends to use the net proceeds for general corporate purposes.
The interest rate, initial conversion price, repurchase provisions and other terms of the convertible notes will be determined by negotiations between the company and the initial purchasers. In connection with this offering, the company expects to grant to the initial purchasers an option to purchase up to an additional $50 million in aggregate principal amount of the convertible notes.
Jarden operates in three primary business segments, including: Outdoor Solutions: Abu Garcia, Aero, Berkley, Campingaz and Coleman, ExOfficio, Fenwick, Gulp!, Invicta, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene, Völkl and Zoot; Consumer Solutions: Bionaire, Breville, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Patton, Rival, Seal-a-Meal, Sunbeam, VillaWare and White Mountain; and Branded Consumables: Ball, Bee, Bernardin, Bicycle, Billy Boy, Crawford, Diamond, Dicon, Fiona, First Alert, First Essentials, Hoyle, Kerr, Lehigh, Lifoam, Lillo, Loew Cornell, Mapa, NUK, Pine Mountain, Quickie, Spontex and Tigex.
