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Playboy Sets $100M Offering

3/10/2005 7:49 AM Eastern

Playboy Enterprises Inc. said Thursday that it has priced a private offering of $100 million aggregate principal amount of its 3% convertible senior subordinated notes due 2025.

The sale is expected to close March 15, subject to customary closing conditions, the company said.

Playboy has also granted the initial purchasers a 13-day option to purchase up to an additional $15 million aggregate principal amount of the notes to cover overallotments.

March