Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. said it’s looking to raise some $500 million through a private offering.
The company said it will offer $280 million of 7.875% senior secured notes that would come due in 2018 and another $225 million in 10% senior notes that would come due in 2020.
It said funds from the offerings would go toward paying down existing debt.
The company’s shares are up 63% so far this year under a new executive team led by Chief Executive Andy Moon-ey, who joined the company in January.
―Kari Hamanaka
