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SKS > SEC Filings for SKS > Form 8-K on 15-Mar-2013All Recent SEC Filings

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Form 8-K for SAKS INC


15-Mar-2013

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events.

On March 15, 2013, Saks Incorporated (the "Company") called for redemption all of its outstanding 2.00% Convertible Senior Notes due March 15, 2024 (the "Notes"), issued pursuant to the indenture, dated as of March 23, 2004 (as amended and supplemented to date, the "Indenture"), by and among the Company, the subsidiary guarantors named therein, and The Bank of New York Mellon Trust Company, N.A. (successor in interest to The Bank of New York Trust Company, N.A.), as trustee, at a redemption price of 100.2% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, April 15, 2013 (the "Redemption Date") in accordance with the provisions of the Indenture. Currently, $230,000,000 aggregate principal amount of Notes are outstanding.

Alternatively, holders may convert the Notes at any time prior to the close of business on April 12, 2013. The Company intends to satisfy its obligation by delivering cash in the event that holders elect to convert their Notes in connection with the redemption. Holders who wish to convert their Notes must comply with the procedures in Article IX of the Indenture and paragraph 10 of the Notes. The conversion rate is currently 83.5609 shares of the Company's common stock per $1,000 principal amount of the Notes.

A copy of the press release announcing the redemption is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

See Exhibit Index immediately following signature page.


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