Quiksilver, Inc. announced the pricing of its previously-announced offering by its wholly-owned European subsidiary, Boardriders S.A. of €200 million aggregate principal amount of its 8.875% senior notes due 2017.
The Notes will be general senior obligations of the Issuer and will be fully and unconditionally guaranteed on a senior basis by Quiksilver and certain of Quiksilver's current and future U.S. and non-U.S. subsidiaries, subject to certain exceptions. The offering is expected to close on Dec. 10, 2010.
Quiksilver intends to use the proceeds of the offering to refinance approximately €190 million of existing European term loans and to pay related fees and expenses.
