July 1, 2009 (FinancialWire) — Oxford Industries, Inc. (NYSE: OXM) (Current Market Cap: $187.02 Mil.) has closed a private offering of $150 million of 11.375% senior secured notes due 2015.

The net proceeds from the sale of the Senior Secured Notes, together with borrowings under the company’s domestic revolving credit facility, will be used to fund the repurchase, repayment or discharge of all $166,805,000 of the company’s 8.875% senior unsecured notes due 2011 outstanding for which it is currently conducting a previously announced tender offer.

Oxford Industries said that it has accepted for payment, and has paid for, $144,584,000 of the 2011 notes, representing around 86.68% of the previously outstanding principal amount of the 2011 notes.

Atlanta-based Oxford Industries is an international apparel design, sourcing and marketing company with a portfolio of owned and licensed brands and a collection of private label apparel businesses.

Oxford’s brands include Tommy Bahama, Ben Sherman, Arnold Brant, Ely & Walker and Oxford Golf. The company also holds licenses to produce and sell certain product categories under the Kenneth Cole, Geoffrey Beene and Dockers labels.

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