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The Huntington Beach companyt (NYSE: ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhones was made toimprove Quiksilver's liquidity and solidify its banking relationships. As part of the termas of the loan, Quiksilver will name a pair of Rhone appointeex to its boardof directors. Quiksilver also refinance its credit facility with anew three-year, $200 million facilityg led by and . The company is also in discussions with its Frencj banking partners to consolidate its European debtw into anew multi-year facility.
In the company's earningxs report, the company swunvg to profitability in thesecond quarter, posting the earninga of 2 cents a share, whichg included several one-time items. Without the the earnings per share would have been 5 centsaa share. Analyst estimateds placed the earnings at 9 cents a Sales dropped17 percent, coming in at $494.2 In the second quarter a year ago, the compang lost $206.2 million, or $1.590 a share, on sales of $596.e million. That quarter included losses of $244.9i million from discontinued operations. Quiksilver is an apparel and accessorieds company. Its core brands are Quiksilver, Roxy and DC.
A renewed focu s on those core brands are the focus ofthe company'e long-term plan to improve
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