FORT WORTH, Texas -- (Business Wire)
Pier 1 Imports, Inc. (NYSE:PIR) today announced that all its outstanding
6.375% Convertible Senior Notes due 2036 (the “Notes”) have been
surrendered and paid in full and are no longer outstanding. On December
20, 2010, the Company gave notice that it was redeeming in full all the
outstanding Notes on February 15, 2011 at a price equal to 100% of the
principal amount of the Notes plus accrued and unpaid interest. The
notice of redemption also included notice of a holder’s option to
require the Company to purchase the Notes on the same date and at the
same price. On February 15, 2011, all outstanding Notes were surrendered
in full and the Company paid the holders of the Notes $17.1 million,
which included principal and accrued interest.
Financial Disclosure Advisory
Management’s expectations and assumptions regarding future results are
subject to risks, uncertainties and other factors that could cause
actual results to differ materially from the anticipated results or
other expectations expressed in the forward-looking statements included
in this press release. Any forward-looking projections or statements
should be considered in conjunction with the cautionary statements and
risk factors contained in the Company’s Annual Report on Form 10-K.
Refer to the Company’s most recent SEC filings for any updates
concerning these and other risks and uncertainties that may affect the
Company’s operations and performance. The Company assumes no obligation
to update or revise its forward-looking statements even if experience or
future changes make it clear that any projected results expressed or
implied will not be realized.
Pier 1 Imports, Inc. is the original global importer of imported
decorative home furnishings and gifts. Information about the Company is
available on www.pier1.com.
Pier 1 Imports, Inc.
Cary Turner, 817-252-8400
Source: Pier 1 Imports, Inc.
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