Huntington Beach-based Quiksilver Inc. said Thursday it plans a $350 million debt offering to help pay for its pending buy of French ski maker Skis Rossignol SA.
The apparel maker said it plans to offer institutional investors senior notes due in 2015.
Quiksilver said it intends to use the proceeds along with borrowing under a credit line to finance the Skis Rossignol buy and to repay certain outstanding debts.
Early this month, Rossignol reported a loss of $30.1 million due to restructuring charges and a slowdown in snowboard sales for the 12 months ended March 31.
Quiksilver said it was buying the company for about $320 million in March. The deal is expected to close in July.
