UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 23, 2004
Commission File Number |
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Registrant, State of Incorporation |
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I.R.S. Employer Identification No. |
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333-42427 |
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J. CREW GROUP, INC. |
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22-2894486 |
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333-107211 |
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J. CREW INTERMEDIATE LLC |
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N/A |
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333-42423 |
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J. CREW OPERATING CORP. |
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22-3540930 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On December 23, 2004, U.S Bank National Association (USBNA), on behalf of J. Crew Intermediate LLC (Intermediate), issued a redemption notice, announcing that Intermediate will redeem in full the remaining outstanding 16% Senior Discount Contingent Principal Notes due 2008 issued under the Indenture dated as of May 6, 2003 between Intermediate, as issuer, and USBNA, as trustee. The aggregate principal amount at maturity of the Senior Discount Contingent Principal Notes that will be redeemed on the redemption date is $49,968,453. The redemption price is equal to 107.5% of the accreted value of such Senior Discount Contingent Principal Notes to be redeemed as of the redemption date ($949.90 per $1,000 in principal amount at maturity of the Senior Discount Contingent Principal Notes). The redemption date is January 24, 2005.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits (all Exhibits are filed electronically)
99.1 Redemption Notice for the Senior Discount Contingent Principal Notes.
The information in this Current Report is being furnished under Item 8.01 of Form 8-K and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.
Certain statements herein are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the current expectations or beliefs of J. Crew Group, Inc., J. Crew Operating Corp. and Intermediate (collectively, the Company) concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes in the overall level of consumer spending or preferences in apparel, the performance of the Companys products within the prevailing retail environment, trade restrictions, political or financial instability in countries where the Companys goods are manufactured, postal rate increases, paper and printing costs, availability of suitable store locations at appropriate terms and other factors which are set forth in the Companys Form 10-K and in all filings with the Securities and Exchange Commission made by the Company subsequent to the filing of the Form 10-K. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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J. CREW GROUP, INC. |
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J. CREW OPERATING CORP. |
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J. CREW INTERMEDIATE LLC |
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By |
/s/ Amanda J. Bokman |
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Name: Amanda J. Bokman |
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Title: Chief Financial Officer |
Date: December 23, 2004
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Exhibit 99.1
NOTICE OF FULL OPTIONAL REDEMPTION
[LOGO]
J. Crew Intermediate LLC
16% Senior Discount Contingent Principal Notes Due 2008
NOTICE IS HEREBY GIVEN pursuant to Section 3.07 of the Indenture dated as of May 6, 2003, between J. Crew Intermediate LLC, as Issuer, and U.S. Bank N.A., as Trustee or Agent, that the bonds listed below have been selected for Full Redemption on January 24, 2005 (the Redemption Date) at a price of 94.99% of the principal amount at maturity (the Redemption Price).
*CUSIP |
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Maturity |
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Rate |
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Principal Amount at Maturity |
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Price |
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46614GAC9 |
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05/15/2008 |
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16.00% |
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$49,968,453 |
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94.99% |
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Payment of the Redemption Price on the Bonds called for redemption will be paid only upon presentation and surrender thereof in the following manner:
If by Mail:(REGISTERED BONDS) |
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If by Mail:(BEARER BONDS) |
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If by Hand or Overnight Mail: |
U.S. Bank |
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U.S. Bank |
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U.S. Bank |
Corporate Trust Services |
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Corporate Trust Services |
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Corporate Trust Services |
P.O. Box 64111 |
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P.O. Box 64452 |
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60 Livingston Avenue
1st Fl Bond Drop Window |
1-800-934-6802
Bondholders presenting their bonds in person for same day payment must surrender their bond(s) by 1:00 P.M. on the Redemption Date and a check will be available for pick up after 2:00 P.M. Checks not picked up by 4:30 P.M. will be mailed out to the bondholder via first class mail. If payment of the Redemption Price is to be made to the registered owner of the Bond, you are not required to endorse the Bond to collect the Redemption Price.
Interest on the principal amount designated to be redeemed shall cease to accrete on and after the Redemption Date.
REQUIREMENT INFORMATION
For a list of redemption requirements please visit our website at www.usbank.com/corporatetrust and click on the Bondholder Information link.
IMPORTANT NOTICE
Under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the Act), 28% will be withheld if tax identification number is not properly certified.
*The Trustee shall not be held responsible for the selection or use of the CUSIP number, nor is any representation made as to its correctness indicated in the Redemption Notice. It is included solely for the convenience of the Holders.
By: U.S. Bank National Association
as Trustee or Agent
Dated: December 23, 2004