date:Jul 22, 2013
During the second quarter, the company issued $700 million of senior notes at an interest rate of 4.625%, and early in the third quarter increased its revolver capacity by $100 million, using the proceeds from the refinancing to retire its 7.625% senior notes, repay tranche B term loans and fund the Pirate Brands acquisition.
We believe that by improving our debt profile, we are in a very strong position to continue to pursue accretive acquisitions, Mr. Wenner said.
For the six months ended J