J. Crew proposes bond offering

New York -- Chinos Intermediate Holdings A, Inc., the indirect parent company of J. Crew Group, Inc., intends to issue $500 million of senior PIK toggle notes due 2019. The notes will be offered and will be sold in a private placement to qualified institutional buyers in the U.S, pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the U.S. pursuant to Regulation S under the Securities Act.   

Intermediate Holdings A intends to use the net proceeds from this offering to distribute cash to its parent company to fund a cash dividend, distribution or other payment to its equity and certain equity-award holders, and to pay related fees and expenses. The consummation of the proposed notes offering is subject to market and other conditions.

Login or Register to post a comment.