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RDEN > SEC Filings for RDEN > Form 8-K on 27-Jan-2014All Recent SEC Filings

Show all filings for ELIZABETH ARDEN INC



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

Elizabeth Arden, Inc. (the "Company") intends to seek amendments to its $300 million revolving bank credit facility (the "revolving credit facility") to extend the maturity of the revolving credit facility through the date which is five years from the closing date of such amendment, amend certain covenants to facilitate the incurrence of additional permitted indebtedness, decrease the interest rate on outstanding borrowings and decrease the unused commitment fees. The Company also intends to seek an amendment to its $30 million second lien facility (the "second lien facility") to increase the available borrowings thereunder from $30 million to $40 million and extend its maturity through the date which is three years from the closing date of such amendment. The proposed amendments would require the consent of the requisite lenders thereunder. There is no assurance that the Company will receive such consents, or as to the timing thereof, or that the proposed amendments will not be modified in connection with seeking such consents.
As of December 31, 2013, the Company had $98.0 million of indebtedness and approximately $3.2 million in letters of credit outstanding under its revolving credit facility and $123.7 million was available for borrowing thereunder. As of December 31, 2013, no amounts were outstanding under the Company's second lien facility and $30.0 million was available for borrowing thereunder.
In addition, on January 27, 2014, the Company issued a press release to announce that, subject to market and other conditions, it plans to offer $100,000,000 aggregate principal amount of Senior Notes due 2021. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Number    Exhibit

99.1      Press release of Elizabeth Arden, Inc., dated as of January 27, 2014.

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