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Spencer Spirit Raises $175M

Spencer Spirit Holdings, Spencer Gifts and Spirit Halloween Superstores have raised $175 million in a sale of notes.

Spencer Spirit Holdings, Spencer Gifts and Spirit Halloween Superstores have raised $175 million in a sale of notes, Reuters reports. The size of the deal was raised from an initially planned $150 million.

The mall-based retailer appointed Wells Fargo and UBS as the joint bookrunning managers for the transaction. The notes carry a coupon rate of 11.0% and are scheduled to mature on May 1, 2017.

Click here for the story from Reuters.

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