Quiksilver, Inc., the parent of DC Shoes, plans to offer $250 million aggregate principal amount of senior secured notes due 2018 as well as $250 million aggregate principal amount of senior notes due 2020.
The Notes will be general senior obligations of the issuers and will be fully and unconditionally guaranteed on a senior basis by certain of Quiksilver’s current U.S. subsidiaries.
Quiksilver intends to use the proceeds of the offering to redeem all of its outstanding 6.875 percent 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. The foregoing does not constitute a notice of redemption for any outstanding senior notes.
