Elizabeth Arden has raised $250 million in a private placement of senior notes. The beauty products company has issued 7.375% notes due 2021. It will use the proceeds to buy back its 7.75% senior subordinated notes due 2014 and to partly repay its existing revolving credit facility. The company has originally planned to sell $225 million of notes, adds Reuters. The joint bookrunning managers for the offering were JP Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.
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