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LONG-TERM DEBT
3 Months Ended
May 04, 2013
LONG-TERM DEBT  
LONG-TERM DEBT

8.             LONG-TERM DEBT

 

On January 23, 2013, the Company issued a notice of partial redemption for $65,000 aggregate principal amount of its 10¼% Senior Notes due 2014 (the “2014 Notes”) at a cash redemption price equal to the principal amount plus accrued and unpaid interest.  The redemption was completed on February 22, 2013, with associated interest of $2,906, for a total payment of $67,906.  Unamortized deferred financing fees of $360 associated with the 2014 Notes were accelerated upon redemption and were recognized in loss on extinguishment of debt.

 

On May 28, 2013, the Company issued $350,000 principal amount of its 8.00% Second Lien Senior Secured Notes due 2021 (the “2021 Notes”), proceeds of which were used to purchase or redeem the entirety of the remaining $68,983 of the Company’s 2014 Notes (see Note 13).  As a result, $68,983 of current maturities of long-term debt was reclassified to long-term debt as of May 4, 2013.