New York-based Jones Group is seeking to raise about $300 million in a sale of senior notes. The designer, marketer and wholesaler of branded clothing, shoes and accessories will use the proceeds for repayment of debt and general corporate purposes. The bonds, which carry a coupon rate of 6.875, will mature in 2019. The joint book-running managers for the sale are Citi, JP Morgan, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities.
Click here for the release from Business Wire.