Claire's Stores, Inc. Closes Offer to Exchange 8.875% Senior Secured Second Lien Notes Due 2019

Aug 22, 2011, 12:02 ET from Claire's Stores, Inc.

CHICAGO, Aug. 22, 2011 /PRNewswire/ -- Claire's Stores, Inc. today announced the successful closing of its offer to exchange all of its outstanding $450.0 million aggregate principal amount of 8.875% Senior Secured Second Lien Notes due 2019, which were not registered under the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of its 8.875% Senior Secured Second Lien Notes due 2019, which have been registered under the Securities Act.

All of the Company's outstanding unregistered 8.875% Senior Secured Second Lien Notes due 2019 have been exchanged.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Company Overview

Claire's Stores, Inc. is one of the world's leading specialty retailers of fashionable accessories and jewelry at affordable prices for young women, teens, tweens and girls ages 3 to 27.  The Company operates through its two store concepts: Claire's® Globally and Icing® in North America.  As of July 30, 2011, Claire's Stores, Inc. operated 3,020 stores in North America and Europe.  The Company also franchised or licensed 387 stores in Japan, the Middle East, Turkey, Russia, Greece, South Africa, Guatemala, Malta and Ukraine. More information regarding Claire's Stores is available on the Company's corporate website at http://www.clairestores.com.

Contact Information

J. Per Brodin, Executive Vice President and Chief Financial Officer
Phone: (954) 433-3900, Fax: (954) 442-3999 or E-mail, investor.relations@claires.com

SOURCE Claire's Stores, Inc.



RELATED LINKS

http://www.clairestores.com