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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 25, 2001
JONES APPAREL GROUP, INC.
(Exact Name of registrant as specified in its charter)
Pennsylvania |
1-10746 |
06-0935166 |
250 Rittenhouse Circle
Bristol, PA 19007
(Address of principal executive offices)
(215) 785-4000
(Registrant's telephone number, including area code)
<PAGE> 2
Item 5. Other Events.
On January 25, 2001, the Registrant issued a press release announcing that it priced its offering of 20-year, zero coupon convertible senior debt securities. Gross proceeds of the offering will be $350.0 million. The securities will carry a 3.5% yield to maturity with a face value of $700.6 million and will be convertible into common stock at an initial premium of 40.0%. A copy of the press release is filed herewith as Exhibit 20.1.
Item 7. Exhibits
20.1 Press Release of the Registrant dated January 25, 2001.
2
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JONES APPAREL GROUP, INC. (Registrant) By: /s/ Wesley R. Card |
Date: January 25, 2001
3
<PAGE> 4
Exhibit Index
Exhibit No. | Description |
20.1 | Press Release of the Registrant dated January 25, 2001. |
4
FOR IMMEDIATE RELEASE
Jones Apparel Group, Inc.
Contacts: Wesley R. Card, Chief Financial Officer
Anita Britt, Vice President, Finance and Investor Relations
(215) 785-4000
JONES APPAREL GROUP, INC. PRICES CONVERTIBLE DEBT ISSUE
NEW YORK, NEW YORK -- January 25, 2001 -- Jones Apparel Group, Inc. (NYSE: JNY) today announced that it priced its offering of 20-year, zero coupon convertible senior debt securities. Gross proceeds of the offering will be $350.0 million. The securities will carry a 3.5% yield to maturity with a face value of $700.6 million and will be convertible into common stock at an initial premium of 40%. The Company has granted the initial purchasers of the securities an option to purchase additional zero coupon convertible senior debt securities to cover over-allotments which, if exercised, would provide the Company with $52.5 million in additional gross proceeds.
The securities have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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