One stop Home Furnishings Resource Ethan Allen Interiors Inc announced the closing of a private offering of ten-year senior notes due 2015. The senior notes, which have been offered by Ethan Allen Global Inc, a wholly-owned subsidiary of Ethan Allen, have an annual coupon rate of 5.375 percent with the first semi-annual interest payment due on April 1, 2006. The Company intends to use the net proceeds from this offering to expand its retail network, invest in its manufacturing and logistics operations, and for other general corporate purposes.
The senior notes have not been, and will not be, registered under the Securities Act of 1933 (the 'Securities Act'), as amended, and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the senior notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Home furnishing maker & retailer Ethan Allen is uniquely positioned to fulfill your needs. With more than 3,000 design consultants, more than 300 stores, state-of-the-art manufacturing facilities, experienced craftspeople, a strong retail network, and a well-balanced distribution system, it has maintained competitive edge while not losing sight of primary objective: to make decorating fun and easy.
Ethan Allen Interiors Inc
marketing@alchempro.com
