Abercrombie & fitch co. announces closing of offering of $350 million of senior secured notes due 2025 and repayment of all outstanding borrowings under term loan facility and amended abl facility

New albany, ohio, july 02, 2020 (globe newswire) -- abercrombie & fitch co. (nyse: anf) (“a&f”) announced today the closing of the previously announced offering of $350 million aggregate principal amount of 8.75% senior secured notes due 2025 (the “senior secured notes”) by its indirect wholly-owned subsidiary, abercrombie & fitch management co. (“a&f management”).  a&f management used the net proceeds from the offering of the senior secured notes to repay all $233 million in outstanding borrowings under a&f management’s existing senior secured term loan facility, to repay a portion of the outstanding borrowings under a&f management’s existing senior secured asset-based revolving credit facility (the “amended abl facility”), and to pay fees and expenses in connection with such repayments and the offering of the senior secured notes.
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