Dress Barn Inc. (DBRN) announced final exchange ratio in connection with its offer to exchange its 2.50% convertible senior notes due 2024.
The company said it has determined that the exchange ratio for the offer is 55.3341 shares of Dress Barn common stock for each Note accepted for exchange.
The offer is scheduled to expire at the end of January 22, and is expected to settle on January 27.
Dress Barn noted that it is making the offer to reduce the amount of its outstanding debt and interest expense.
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