Attached files
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8-K - FORM 8-K - QUIKSILVER INC | a57969e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - QUIKSILVER INC | a57969exv10w1.htm |
EX-99.1 - EXHIBIT 99.1 - QUIKSILVER INC | a57969exv99w1.htm |
EX-10.2 - EXHIBIT 10.2 - QUIKSILVER INC | a57969exv10w2.htm |
Exhibit 99.2
Company Contact: | Bruce Thomas | |||
Vice President, Investor Relations | ||||
Quiksilver, Inc. +1 (714) 889-2200 |
Quiksilver, Inc. Announces 200 Million Private Offering of Senior Notes
Huntington Beach, California, November 29, 2010Quiksilver, Inc. (Quiksilver) (NYSE:ZQK)
today announced that its wholly-owned European subsidiary, Boardriders S.A. (the Issuer), subject
to market and other conditions, plans to offer 200 million aggregate principal amount of Senior
Notes due 2017 (the Notes).
The Notes will be general senior obligations of the Issuer and will be fully and unconditionally
guaranteed on a senior basis by Quiksilver and certain of Quiksilvers current and future U.S. and
non-U.S. subsidiaries, subject to certain exceptions. Quiksilver intends to use the proceeds of
the offering to refinance existing European term loans and to pay related fees and expenses. As a
result of such refinancing, Quiksilver expects to recognize non-cash, non-operating charges during
the fiscal quarter ending January 31, 2011 of approximately $13.0 million representing the
write-off of debt issuance costs related to such term loans.
The Issuer plans to offer the Notes in a private offering that is exempt from the registration
requirements of the Securities Act of 1933, as amended (the Securities Act). The Issuer intends
to offer the Notes within the United States only to qualified institutional buyers in accordance
with Rule 144A under the Securities Act and outside the United States only to non-U.S. investors in
accordance with Regulation S under the Securities Act. The Notes will not be registered under the
Securities Act or the securities laws of any other jurisdiction. Unless so registered, the Notes
may not be offered or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act and applicable
state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any
of the Notes nor does it constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful.
Forward-looking statements:
Statements in this press release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
including those relating to the proposed offering and whether or not the Issuer will commence or
consummate the proposed offering. Such statements are based on current expectations, and are not
strictly historical statements. In some cases, you can identify forward-looking statements by
terminology such as plan, will, intend, expect, may or the negative of such terms or
comparable terminology. These forward-looking statements inherently involve certain risks and
uncertainties, although they are based on our current plans or assessments which are believed to be
reasonable as of the date of this announcement. Actual results or circumstances may vary
materially from such forward-looking statements or expectations. Forward-looking information is
provided by Quiksilver under the Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of these factors. In addition, Quiksilver disclaims any intent or
obligation to update these forward-looking statements.
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