Liz Claiborne, Inc. Announces Decision to Accept Valid Tenders of Notes for Repurchase in its Tender Offer for Certain of its €350,000,000 5 per cent. Notes due 2013
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ITALY
7 April 2011, Liz Claiborne, Inc. (the Company) announced its decision to accept valid tenders of Notes for repurchase in its offer (the Offer) to purchase certain of its €350,000,000 outstanding 5 per cent. Notes due 2013 (the Notes).
The Offer expired at 5.01 a.m. (London time) on 5 April 2011, and at such time, €128,500,000 of Notes had been tendered into the Offer. The Company has decided to accept valid tenders of Notes for repurchase pursuant to the Offer. The Offer is expected to settle on 8 April 2011.
Further Information
The Offer is described in full in the Tender Offer Memorandum. Merrill Lynch International and J.P. Morgan Securities Ltd. are the Dealer Managers for the Offer.