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The Huntington Beach company (NYSE: ZQK) also postesd second-quarter earnings of $2.8 million. The five-year term loan with private-equityg firm Rhone was made to improve Quiksilver's liquidity and solidify its bankingg relationships. As part of the termds of the loan, Quiksilver will name a pair of Rhonse appointees to its board of Quiksilver also refinanced its credit facility with anew $200 million facility led by and .
The companyu is also in discussionss with its French banking partners to consolidate its Europeanj debts into anew multi-year In the company's earnings report, the companuy swung to profitability in the second quarter, posting the earningws of 2 cents a share, which included several one-timre items. Without the items, the earnings per share woul have been 5 centsa share. Analysyt estimates placed the earnings at 9 cents a Sales dropped17 percent, comingt in at $494.2 million. In the second quartert a year ago, the company lost $206.2 million, or $1.5 a share, on sales of $596.3 million. That quarter included lossez of $244.9 million from discontinued operations.
Quiksilver is an apparel and accessoriess company. Its core brands are Quiksilver, Roxy and DC. A reneweed focus on those core brands are the focus ofthe company'z long-term plan to improve
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