Abercrombie & fitch co. announces pricing of $350 million of senior secured notes due 2025

New albany, ohio, june 18, 2020 (globe newswire) -- abercrombie & fitch co. (nyse: anf) (“a&f”) announced today that a&f’s indirect wholly-owned subsidiary, abercrombie & fitch management co. (“a&f management”), has priced its offering of $350 million aggregate principal amount of 8.75% senior secured notes due 2025 (the “senior secured notes”).  this represents a $50 million increase in the original offering amount of the senior secured notes.  the senior secured notes will mature on july 15, 2025.  the senior secured notes were priced at 100% of face amount for a yield to maturity of 8.75%.  the offering is expected to close on july 2, 2020, subject to market and other customary conditions.
ANF Ratings Summary
ANF Quant Ranking