Leading maker and seller of quality home furnishings, Ethan Allen Global announced the closing of an exchange offer by Ethan Allen Global Inc ("Global"), its wholly-owned subsidiary, to exchange $200 million aggregate principal amount of its 5.375 percent senior notes due 2015 (the "Exchange Notes"), which have been registered under the Securities Act of 1933, as amended (the "Securities Act"), for a like principal amount of its 5.375 percent senior notes due 2015 (the "Initial Notes"), which were issued and sold on September 27, 2005 in a transaction exempt from registration under the Securities Act (the "Exchange Offer").
As of the closing of the Exchange Offer, a total of $198 million aggregate principal amount of Initial Notes had been tendered for exchange. The closing of the Exchange Offer occurred at 11:59 p.m. on Friday, April 7, 2006.
Ethan Allen Interiors Inc is a leading manufacturer and retailer of quality home furnishings. The Company sells a full range of furniture products and decorative accessories through an exclusive network of 312 retail stores in the United States and abroad, of which 131 are Company-owned. Ethan Allen has 11 manufacturing facilities, which include 2 sawmills, located throughout the United States.