COLUMBUS, Ohio, Jan. 26, 2015 /PRNewswire/ -- Express, Inc. ( NYSE: EXPR), a specialty apparel and accessories retailer operating more than 600 retail and factory outlet stores, today announced that its wholly owned subsidiaries, Express, LLC and Express Finance Corp., have delivered a Notice of Redemption (the "Notice") to holders of their outstanding 8.750% Senior Notes due 2018 (the "Notes"). The Notice called for the redemption of the remaining $200.9 million aggregate principal amount of Notes currently outstanding. The redemption price of the Notes is 102.188% of the principal amount redeemed, which amount is equal to $1,021.88 per $1,000 principal amount, plus accrued and unpaid interest to, but not including, the redemption date, in accordance with the provisions of the indenture governing the Notes. The redemption date is March 1, 2015.
Additional information concerning the terms and conditions of the redemption are fully described in the Notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.
This press release is for informational purposes only and shall not constitute an offer to purchase the Notes or any other securities.
About Express, Inc.:
Express is a specialty apparel and accessories retailer of women's and men's merchandise, targeting the 20 to 30 year old customer. The Company has over 30 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 600 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada and Puerto Rico. Express merchandise is also available at franchise locations in the Middle East, Latin America and South Africa. The Company also markets and sells its products through the Company's e-commerce website, www.express.com.
SOURCE Express, Inc.