ATLANTA, June 15, 2012 /PRNewswire/ -- Oxford Industries,
Inc. (NYSE: OXM) announced today that it will call for redemption
all of its outstanding 11.375% Senior Secured Notes due
2015. There is currently $105
million aggregate principal amount of notes
outstanding. The redemption date is scheduled for July 16, 2012 at an aggregate price of
$110,972,400. The Company intends to
fund the redemption with borrowings under its amended and restated
$235.0 million asset-based revolving
credit facility and cash on hand. Details concerning the terms
of the redemption are described in a Notice of Redemption that will
be delivered to holders of the notes today. Redemption
transactions will be handled by U.S. Bank Corporate Trust Services.
Copies of the Notice of Redemption and additional information
related to the procedure for redemption may be obtained from U.S.
Bank Corporate Trust Services by calling 800-934-6802.
About Oxford
Oxford Industries, Inc. is a global apparel company which
designs, sources, markets and distributes products bearing the
trademarks of its owned and licensed brands. Oxford's brands
include Tommy Bahama®, Lilly Pulitzer®, Ben Sherman®, Oxford Golf®,
Arnold Brant® and Billy London®. The Company also holds exclusive
licenses to produce and sell certain product categories under the
Kenneth Cole®, Geoffrey Beene®, Dockers® and Ike Behar® labels. The
Company operates retail stores, restaurants and Internet websites.
The Company also has license arrangements with select third parties
to produce and sell certain product categories under its
Tommy Bahama, Lilly Pulitzer and Ben
Sherman brands. Oxford's wholesale customers include department
stores, specialty stores, national chains, specialty catalogs and
Internet retailers. Oxford's stock has traded on the New York Stock
Exchange since 1964 under the symbol OXM. For more information,
please visit Oxford's website at www.oxfordinc.com.
SOURCE Oxford Industries, Inc.