Outdoor financials: Quiksilver plans senior notes offering, releases prelim Q4 results, plus Amer Sports, Johnson Outdoors

Quiksilver released preliminary results for the fourth quarter, Amer Sports took out a three-year loan for refinancing and general corporate purposes, and Johnson Outdoors was among the 10 biggest percentage decliners on the Nasdaq Stock exchange.
Author:
Publish date:

Quiksilver plans senior notes offering, releases prelim Q4 results

Quiksilver (NYSE: ZQK) said its wholly-owned European subsidiary, Boardriders S.A. plans to offer EUR 200 million (USD $263 million) aggregate principal amount of senior notes due 2017.

Quiksilver said it plans to use the proceeds to refinance existing European term loans and to pay related fees and expenses.

The notes will be general senior obligations of the issuer and will be guaranteed on a senior basis by Quiksilver and various subsidiaries. Quiksilver said it expects to recognize non-cash, non-operating charges during the first quarter of $13.0 million, representing the write-off of debt issuance costs related the term loans.

Also, based on preliminary data, Quiksilver said it is estimating net revenues between $492 million and $497 million for the quarter ended Oct. 31. That compares to net revenues of $538.7 million for the same period last year.

For fiscal 2010, the company estimates net revenues between $1.83 billion and $1.84 billion, compared to net revenues of $1.97 billion for fiscal 2009.

Quiksilver said it will disclose fiscal 2010 fourth-quarter financial results on Dec. 16.

Amer Sports takes out loan

Amer Sports, parent of Arc’Teryx and Suunto, said it has taken a EUR 30 million (USD $39.5 million) Schuldschein loan targeted at international investors.

The proceeds of the three-year loan will be used for refinancing and general corporate purposes. The loan has both fixed and floating rate tranches.



Landesbank Hessen-Thüringen acted as a bookrunner for the transaction, the company said.



Johnson Outdoors lands on Nasdaq list of largest percentage decreasers


Johnson Outdoors (Nasdaq: JOUT) was among the 10 biggest percentage decliners on the Nasdaq Stock exchange at the close of trading on Nov. 29.

It fell 8.0 percent to $12.21. Volume was close to 16,000.

The parent of Old Town, Ocean Kayak, Necky, Eureka and others will report full-year results on Dec. 3.

--Compiled by Wendy Geister

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related