Caleres, the American company previously called Brown Shoe Co., has announced a private placement of $200 million worth of senior notes due in 2023. As of July 27, it received tenders for $160.7 million. The net proceeds of the offering and cash on hand would allow Caleres to purchase back any of the outstanding $200 million in senior notes due in 2019, which carry annual interest of 7? percent.
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