Quiksilver intends to offer $350 million aggregate principal amount of senior notes due in 2015. The private offering, which is subject to market and other conditions, will be made within the United States only to qualified institutional buyers and outside the United States only to non-U.S. investors under Regulation S of the Securities Act of 1933.
The Company stated that it intends to use the net proceeds of the offering along with borrowings under its credit facility to finance, in part, its acquisition of Skis Rossignol S.A. and to repay certain outstanding indebtedness.
The securities to be offered will not be registered under the Securities Act or applicable state securities laws or blue sky laws and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemptions from the registration requirements. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes.
