Friedman’s files to offer $200 million in debt and equity

Friedman’s files to offer $200 million in debt and equity Jewelry retailer Friedman’s Inc. filed with U.S. regulators on Friday to sell over time up to $200 million worth of Class A common stock, preferred stock, warrants, debt securities, and guarantees, Reuters reported.

The Savannah, Ga.-based firm plans to use proceeds to refinance the firm’s credit facility, repay debt, continue financial support of its affiliate Crescent Jewelers and for future acquisitions, or general working capital, according to the Securities and Exchange Commission filing, Reuters reported.

Under such a filing, a company may sell securities from time to time in one or more separate offerings in amounts, at prices and on terms to be determined at the time of sale, Reuters reported.