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The Huntington Beach company (NYSE: ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its bankingt relationships. As part of the terms of the loan, Quiksilvere will name a pair of Rhone appointee to its boardof directors. Quiksilvedr also refinanced its credit facility with anew three-year, $200 millionj facility led by and .
The company is also in discussionsd with its French banking partnerz to consolidate its European debts into anew multi-year In the company's earnings report, the company swunb to profitability in the seconf quarter, posting the earnings of 2 centsz a share, which included several one-time items. Without the the earnings per share would have been 5 centswa share. Analyst estimates placed the earning s at 9 centsa share. Sales dropped 17 coming in at $494.2 million. In the secondc quarter a year ago, the company lost $206.12 million, or $1.59 a share, on sale of $596.3 million. That quartefr included losses of $244.
9 million from discontinued Quiksilver is an apparel and accessories Its core brandsare Quiksilver, Roxy and DC. A renewec focus on those core brands are the focus ofthe company'e long-term plan to improve
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