New York-based fashion company, Liz Claiborne, has raised $205 million in a sale of senior secured notes. The bonds, which carry a coupon rate of 10.5%, will mature in 2019. The size of the deal was increased from an originally planned $200 million. Liz Claiborne is seeking to use the net proceeds to fund its cash tender offer to purchase up to $220.5 million of its outstanding $498.04 million 5% notes due 2013.
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