Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Michael Kors (USA), Inc. > News item |
Michael Kors eyes new senior notes to fund Jimmy Choo acquisition
By Cristal Cody
Tupelo, Miss., Oct. 5 – Michael Kors (USA), Inc. plans to price a Rule 144A and Regulation S offering of guaranteed senior notes (Baa3/BBB-/BBB-), according to a market source and a press release on Thursday.
J.P. Morgan Securities LLC and Goldman Sachs & Co. are the bookrunners.
Michael Kors held fixed income investor calls on Tuesday for the offering.
The notes will be guaranteed by parent company Michael Kors Holdings Ltd. and the company’s existing and future subsidiaries that guarantee debt or are borrowers under its new $2 billion senior credit facilities.
Proceeds will be used to fund the company’s acquisition of shoe maker Jimmy Choo plc.
Michael Kors (USA) is a New York-based designer and manufacturer of clothing, accessories and footwear.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.