Attached files
file | filename |
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EX-4.3 - EX-4.3 - LEVI STRAUSS & CO | f55761exv4w3.htm |
8-K - FORM 8-K - LEVI STRAUSS & CO | f55761e8vk.htm |
EX-4.2 - EX-4.2 - LEVI STRAUSS & CO | f55761exv4w2.htm |
EX-4.1 - EX-4.1 - LEVI STRAUSS & CO | f55761exv4w1.htm |
EX-4.4 - EX-4.4 - LEVI STRAUSS & CO | f55761exv4w4.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Contact:
|
Roger Fleischmann | Media Contact: | Jeff Beckman | |||
Levi Strauss & Co | Levi Strauss & Co. | |||||
(800) 438-0349 | (415) 501-3317 | |||||
rfleischmann@levi.com | jbeckman@levi.com |
Levi Strauss & Co. Completes Private Placement and Accepts Notes Tendered by Early Tender Date
SAN FRANCISCO (May 6, 2010) Levi Strauss & Co. today
announced that it has closed its private placement of 300.0 million
aggregate principal amount of 73/4% Senior Notes due 2018 and $525.0
million aggregate principal amount
75/8% Senior Notes due 2020.
The company also announced today that it has accepted for purchase
$411.4 million (or 92.2%) of its $446.2 million aggregate
principal amount of 93/4% Senior Notes due 2015 (the U.S. Notes) and
198.9 million (or 79.6%) of its 250.0 million aggregate principal
amount of
85/8% Senior Notes due 2013 (the Euro Notes, and together
with the U.S. Notes, the Notes), which were validly tendered prior
to the early tender deadline of 5:00 p.m., New York City time, on
May 5, 2010. The company and the trustee for each series of Notes
have executed supplemental indentures to the indentures governing
the Notes that eliminate or make less restrictive substantially all
of the restrictive provisions of the indentures. The tender offer
will remain open to holders until 12:00 midnight, New York City
time, on May 19, 2010, unless extended or earlier terminated by the
company. Holders who tender Notes after 5:00 p.m., New York City
time, on May 5, 2010 and prior to the expiration of the tender offer
will receive $1,031.25 per $1,000 principal amount of the U.S. Notes
and 1,004.06 per 1,000 principal amount of the Euro Notes.
This press release is neither an offer to purchase nor a
solicitation of an offer to sell the Notes or any other security.
The tender offer is made only by the Offer to Purchase and Consent
Solicitation Statement dated April 22, 2010. Statements in this
press release regarding the private offering of debt securities
shall not constitute an offer to sell or a solicitation of an offer
to buy such securities.
more
LS&CO. Completes Private Placement and Accepts Notes in Tender Offer
May 6, 2010
May 6, 2010
This news release contains, in addition to historical information, forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. We have based these
forward-looking statements on our current assumptions, expectations and projections about future
events. We use words like believe, will, so we can, when, anticipate, intend,
estimate, expect, project and similar expressions to identify forward-looking statements,
although not all forward-looking statements contain these words. These forward-looking statements
are necessarily estimates reflecting the best judgment of our senior management and involve a
number of risks and uncertainties that could cause actual results to differ materially from those
suggested by the forward-looking statements.
Investors should consider the information contained in our filings with the U.S. Securities and
Exchange Commission (the SEC), including our Annual Report on Form 10-K for the fiscal year ended
2009, especially in the Managements Discussion and Analysis of Financial Condition and Results of
Operations and Risk Factors sections. Other unknown or unpredictable factors also could have
material adverse effects on our future results, performance or achievements. In light of these
risks, uncertainties, assumptions and factors, the forward-looking events discussed in this news
release may not occur. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date stated, or if no date is stated, as of the date of this
news release.
We are not under any obligation and do not intend to make publicly available any update or other
revisions to any of the forward-looking statements contained in this news release to reflect
circumstances existing after the date of this news release or to reflect the occurrence of future
events even if experience or future events make it clear that any expected results expressed or
implied by those forward-looking statements will not be realized.
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