PEMBROKE PINES, Fla., Feb. 25 /PRNewswire/ -- Claire's Stores, Inc., a
leading specialty retailer offering value-priced jewelry and accessories,
today announced that its offer to exchange up to $250,000,000 aggregate
principal amount of its 9.25% Senior Notes due 2015, $350,000,000 aggregate
principal amount of its 9.625%/10.375% Senior Toggle Notes due 2015 and
$335,000,000 aggregate principal amount of its 10.50% Senior Subordinated
Notes due 2017 (collectively, the "Notes"), which have been registered with
the United States Securities and Exchange Commission under the Securities
Act of 1933 (the "Registration Statement") for all of its outstanding
unregistered 9.25% Senior Notes due 2015, 9.625%/10.375% Senior Toggle
Notes due 2015 and 10.50% Senior Subordinated Notes due 2017 has been
extended to 5:00 p.m. New York City time, on February 26, 2008, unless
further extended. Holders who have already tendered their notes for
exchange do not have to re-tender their notes or take any other action as a
result of the extension.
The exchange offer was originally scheduled to expire at 5:00 p.m. New
York City time on February 22, 2008.
As of 5:00 p.m. New York City time Friday February 22, 2008, notes
representing $250,000,000 in the aggregate principal amount of the 9.25%
Senior Notes due 2015, $347,000,000 in the aggregate principal amount of
the 9.625%/10.375% Senior Toggle Notes due 2015 and $335,000,000 in the
aggregate principal amount of the 10.50% Senior Subordinated Notes due 2017
had been validly tendered and not withdrawn. The exchange offer is being
made for all outstanding notes and is not conditioned on any minimum
principal amount of notes being tendered for exchange.
Except for the extension described above, all of the terms and
conditions set forth in the Registration Statement with respect to the
Notes remain unchanged. The Notes are substantially identical to the
original notes, except that the Notes have been registered under the
federal securities laws.
For more information, please contact the Exchange Agent, The Bank of
New York, Corporate Trust Operations, Reorganization Unit, 101 Barclay
Street, Floor 7 East, New York, NY 10286, Attention: David Mauer
(telephone, 212-815- 3687 or facsimile, 212-298-1915).
The exchange offer is being made only by means of a prospectus dated
January 25, 2008, a copy of which may be obtained upon request by holders
of the outstanding notes from the Exchange Agent.
An effective registration statement (including the prospectus) is on
file with the Securities and Exchange Commission (the "SEC") and a copy of
the Registration Statement (including the prospectus) is also available on
the SEC's Web site, http://www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Company Overview
Claire's Stores, Inc. is a leading specialty retailer of value-priced
jewelry and accessories for girls and young women through its two store
concepts: Claire's and Icing. While the latter operates only in North
America, Claire's operates internationally. As of February 2, 2008,
Claire's Stores, Inc. operated 3,040 stores in the United States, Canada,
Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France,
Switzerland, Austria, Germany, Spain, Portugal, Belgium, and the
Netherlands. Claire's Stores, Inc. operates through its subsidiary,
Claire's Nippon, Co., Ltd., 198 stores in Japan as a 50:50 joint venture
with AEON, Co., Ltd. The Company also franchises 166 stores in the Middle
East, Turkey, Russia, Poland, and South Africa.
Additional Information:
Note: Other Claire's Stores, Inc. press releases, a corporate profile
and the most recent Annual Report on Form 10-K and Form 10-Q Equivalent are
available on Claire's business website at: http://www.clairestores.com.
Contact Information:
Marisa F. Jacobs, Vice President of Corporate Communications and
Investor Relations
Phone: (212) 594-3127, Fax: (212) 244-4237 or Email at
marisa.jacobs@claires.com
SOURCE Claire's Stores, Inc.
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Related links:
http://www.clairestores.com/
http://www.prnewswire.com/comp/174913.html/
CONTACT:
Marisa F. Jacobs, Vice President of Corporate
Communications and Investor Relations, Claire's Stores, Inc.,
+1-212-594-3127, or fax, +1- 212-244-4237,
marisa.jacobs@claires.com
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