Perry Ellis International, Inc. has priced its previously announced offering of 2.0 million shares of its common stock at $28.00 per share. The company granted the underwriters a 30-day option to purchase up to an additional 15% of the common stock sold to cover overallotments. In addition, certain selling shareholders of the Company identified in the prospectus supplement sold an additional 600,000 shares of common stock in the public offering at $28.00 per share.

The company also announced that it has priced $150 million of its 7.875% senior subordinated notes due 2019 at 100% of the aggregate principal amount thereof.

The company will use the net proceeds from the common stock offering to repay a portion of the amounts outstanding under its senior credit facility. The company intends to use the net proceeds from the Senior Subordinated Notes offering to redeem its currently outstanding 8-7/8% senior subordinated notes due 2013 and to repay a portion of the amounts outstanding under its senior credit facility. Both offerings are subject to market and other conditions.

The company will not receive any proceeds from sales by the selling shareholders. The transactions will close on March 8, 2011. The closing of the Senior Subordinated Notes offering is contingent on the closing of the common stock offering.

BofA Merrill Lynch and Deutsche Bank Securities are serving as joint book-running managers for the common stock offering.