Perry Ellis to pay down debt with proceeds from stock, notes offerings

By Toni Weeks

San Diego, Feb. 28 - Perry Ellis International Inc. said in a news release that it will use the proceeds from its planned offering of 2 million shares of common stock to repay a portion of its senior credit facility.

In addition, the company will use a portion of the proceeds from a planned offering of $125 million senior subordinated notes due 2019 to repay more of its senior credit facility.

Perry Ellis is a Miami-based men's and women's clothing designer, marketer and retailer.

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