Perry Ellis International Repurchases an Additional$25 Million of Senior Notes and Will Webcast Its Annual Shareholder Meeting

June 14, 2010 at 1:51 pm Leave a comment

Perry Ellis International, Inc. announced that it has repurchased $25 million of its 2013 8-7/8 senior subordinated notes. This is the second repurchase Perry Ellis International had made over the last 6 months, for a total repurchase of $46 million. These were opportunistic transactions funded by excess cash.

“Our company is in its strongest financial position ever. That, combined with current market conditions, led us to believe that these repurchases were the most prudent use of our cash and demonstrates our commitment to building long-term value for our shareholders and further …

Source Link : Fibashion.com

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