New Issue-Perry Ellis sells $150 mln in notes

Thu Mar 3, 2011 10:22am EST

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  March 3 (Reuters) - Perry Ellis International Inc (PERY.O)
late on Wednesday sold $150 million of senior subordinated
notes, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an original $125
million.
  Deutsche Bank and Bank of America Merrill Lynch were the
joint bookrunning managers for the sale.
BORROWER: PERRY ELLIS INTERNATIONAL INC
AMT $150 MLN     COUPON 7.875 PCT    MATURITY 4/1/2019  
TYPE SR NTS      ISS PRICE 100.00    FIRST PAY 10/1/2011
MOODY'S B2       YIELD 7.875 PCT     SETTLEMENT 3/8/2011
S&P B-PLUS       SPREAD 479 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 3 YRS*
*MAKE-WHOLE CALL 50 BPS

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