UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 6, 2015
PERRY ELLIS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| | | | |
Florida | | 0-21764 | | 59-1162998 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | |
| 3000 N.W. 107th Avenue | | |
Miami, Florida | | 33172 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code:(305) 592-2830
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.04 | Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
See Item 8.01 below.
On May 6, 2015, Perry Ellis International, Inc. (the “Company”) issued a press release announcing that it has completed the redemption of $100 million of its 7.875% senior subordinated notes (the “Notes”).
The terms of the redeemed Notes provided for the payment of a redemption premium of 103.938% of the principal amount redeemed. The Company incurred debt extinguishment costs of approximately $5.2 million in connection with the redemption, including this redemption premium as well as the write-off of Note issuance costs.
Coincident with the redemption, the Company amended its revolving credit facility to increase the maximum principal amount to $200 million as well as to extend the facility expiration to April 30, 2020. The Company utilized the senior credit facility to redeem the Notes. Following the redemption, $50 million of the Notes remain outstanding.
A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1. As provided in General Instruction B.2 of SEC Form 8-K, the information in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and Exhibit 99.1 shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| 99.1 | Perry Ellis International, Inc. Press Release dated May 6, 2015. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | |
| | | | PERRY ELLIS INTERNATIONAL, INC. |
| | | |
| Date: May 6, 2015 | | | | By: | | /s/ Cory Shade |
| | | | | | Cory Shade, SVP, General Counsel and Secretary |
| | | | | | |
EXHIBIT INDEX
| | |
Exhibit No. | | Description |
| |
| 99.1 | | Perry Ellis International, Inc. Press Release dated May 6, 2015. |
