Growth Capitalist (https://growthcapitalist.com/tag/consumer/page/39/)
Aeropostale, Inc. (ARO) announced that it has raised $50,000,000 in a Non-Convertible Senior Secured Debentures transaction. A series of 1,308,229 Warrants with an exercise price of $7.25 per share (0.685% discount) was issued to the investor in this transaction. Barclays Capital acted as the exclusive agent on the transaction. The investor was Sycamore Partners. Issuer counsel was Weil, Gotshal & Manges.
Aeropostale, Inc. (ARO) announced that it has raised $100,000,000 in a Non-Convertible Senior Secured Debentures transaction. The securities accrue interest at a rate of 10%. A series of 2,616,457 Warrants with an exercise price of $7.25 per share (0.6845% discount) was issued to the investor in this transaction. Barclays Capital acted as the exclusive agent on the transaction. Issuer counsel was Weil, Gotshal & Manges.
Wet Seal, Inc. (The) (WTSL) announced that it has raised $27,000,000 in a Self-Amortizing Convertible Senior Notes transaction. The fixed conversion price of the Convertible Senior Notes is $1.84 per share, an approximate 5.14% premium to the market price ($1.75) of WTSL at deal announcement. A series of 8,804,348 60-Month Warrants with an exercise price of $2.12 per share (21.14% premium) was issued to the investors in this transaction. Cowen and Company, LLC acted as the exclusive agent on the transaction. The investor was Hudson Bay Master Fund Limited.
Barfresh Food Group Inc. (BRFH) announced that it has raised $2,500,000 in a Common Stock transaction. The common stock was sold at $0.50 per share, an approximate 3% discount to the market price ($0.51) of BRFH at deal announcement. A series of 2,500,000 36-Month Warrants with an exercise price of $0.60 per share (16.71% premium) was issued to the investors in this transaction. The Investors include members of the Company's management and Lazarus Investment Partners. The transaction closed on March 21, 2014.
