Claires Stores News

US corporate defaults have been unusually high for two consecutive quarters but the uptick is unlikely to signal a worsening trend, Moody's Investors Service said on Wednesday.

Claire's Stores, Inc. Announces Issuance of $100 Million of Additional 9.00% Senior Secured First Lien Notes Due 2019 /PRNewswire/ --A Claire's Stores, Inc.

Claire's Stores, Inc. Announces Assumption of Obligations Under $400 Million of 9.00% Senior Secured First Lien Notes Due 2019 /PRNewswire/ -- Claire's Stores, Inc.

The Notes were priced at par. The Notes will initially be issued by Claire's Escrow II Corporation , a wholly-owned first-tier subsidiary of the Company, created solely to issue the Notes.A Settlement is scheduled to occur on The Escrow Issuer will merge with and into the Company upon the availability of the Company's financial statements for the ... (more)

A The Company does not currently expect to update this information prior to the release of its fiscal fourth quarter and fiscal 2011 financial results.