Brown Shoe Company, Inc. announced the completion of its offer to exchange up to $200 million of its 7â percent Senior Notes due 2019 which have been registered under the Securities Act of 1933 in exchange for $200 million of its outstanding 7â percent Senior Notes due 2019, which were issued May 11, 2011, in a private placement.
The exchange offer expired at 5.00 p.m. ET on Sept. 6, 2011, at which time $200 million aggregate principal amount of the Private Notes had been tendered and not withdrawn. The company has accepted for exchange all Private Notes validly tendered and not withdrawn prior to the expiration of the exchange offer.
The terms of the Exchange Notes are substantially identical to the terms of the Private Notes, including subsidiary guarantees, except that provisions relating to transfer restrictions, registration rights and additional interest will not apply to the Exchange Notes.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any security. The exchange offer was made solely by the prospectus dated August 4, 2011, and the related letter of transmittal.
