Charming Shoppes buys back another $9.95 million of its 1.125% convertibles since first quarter

By Susanna Moon

Chicago, June 3 - Charming Shoppes Inc. has repurchased $9,945,000 principal amount of its 1.125% convertible notes due 2014 since the end of the first quarter of fiscal 2010, according to a 10-Q filing with the Securities and Exchange Commission.

The company said it expects to recognize a gain on these repurchases of about $320,000 net of unamortized issue costs during the second quarter.

There was $189,636,000 of the convertibles outstanding as of Jan. 30.

On March 30, Charming Shoppes said it repurchased $16.1 million of the convertibles during the quarter ended Jan. 31.

During the fiscal year, the company said it repurchased $85.4 million total of the notes for a total purchase price of $50.6 million.

Charming Shoppes is a Bensalem, Pa.-based specialty apparel retailer.

© 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.