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Prospect News home > News index > List of issuers T > Headlines for Tenders 2006 > News item |
Mothers Work to redeem $25 million of 11¼% notes
By Jennifer Chiou
New York, Nov. 2 - Mothers Work, Inc. said its board approved the redemption of $25 million of its 11¼% senior notes.
The company said it will redeem the notes at 105.625% plus accrued interest.
The Philadelphia-based designer and retailer of maternity clothes said it expects to redeem the notes on Dec. 8.
In August and September, Mothers Work repurchased $10 million of the securities.
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