BroderBros. Co. Announces Acceptance of Exchange Offer
Trevose, Pennsylvania-based BroderBros. Co. announced recently that the pending private-exchange offer with its bondholders was officially accepted. Ninety-five percent of the outstanding existing notes had been validly tendered and not withdrawn.
“We’re pleased to have been able to resolve the issue in a way that will allow us to continue focusing on our customers and our business,” said Tom Myers, CEO at BroderBros.
“Over the past six months, we have been experiencing exceptional results with our call centers and distribution center metrics,” said Norm Hullinger, COO at BroderBros. “We set a very high standard for what we consider excellent call center and DC services and, to date, we have met these standards. Our goal now is to get back to the inventory levels our customers require.”
Chris Blakeslee, vice president of sales added, “Our sales force is anxious to let our customers know we are on firm financial footing and are looking to continue to help them grow their businesses.”
The company is thankful for having the support of its partners during this time. “We are appreciative of the support from our customers, suppliers and employees. We thank them and look forward to a great second half of 2009,” said Myers.
About BroderBros. Co.:
BroderBros. Co. is one of the nation’s largest distributors of trade, private-label and exclusive apparel brands to the imprinting, embroidery and promotional product industries, serving customers since 1919. It currently has eight distribution centers across the U.S. and has the capability to deliver to approximately 80 percent of the U.S. population in one day.
For more information on BroderBros. Co., visit www.broderbros.com.