Signet Makes $50.9 million Note Prepayment

Signet Jewelers has made a $50.9 million prepayment to its note holders, the specialty retail jeweler announced Tuesday. The payment was made in accordance with its note purchase agreement as amended on March 18, 2009.

Following this prepayment, there are $229.1 million of notes outstanding.

Signet operates 1,933 specialty retail jewelry stores. The majority of stores, 1,379, are in the U.S., where it trades as Kay Jewelers, Jared The Galleria Of Jewelry and under a number of regional names. Signet also operates 554 stores in the UK, under the brand names H.Samuel, Ernest Jones and Leslie Davis.