Quiksilver plans to offer $500 million worth of senior secured notes. Half of them would be due in 2018 and the other half in 2020. The bonds will be secured and unconditionally guaranteed on a senior basis by some of Quiksilver's U.S. subsidiaries. The proceeds would be used to redeem all the group's outstanding 6.875 percent senior notes due on April 15, 2015, to repay in full an existing term loan and to pay down a portion of the company's asset-based revolving credit facility.

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