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The Huntington Beach company (NYSE: ZQK) also postecd second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhonse was made toimprove Quiksilver's liquidity and solidify its bankingy relationships. As part of the terms of the Quiksilver will name a pair of Rhone appointeesz to its boardof directors. Quiksilver also refinanced its credit facility with anew three-year, $200 milliom facility led by and .
The company is also in discussionw with its French banking partners to consolidatse its European debts into anew multi-year In the company's earnings report, the company swung to profitability in the seconx quarter, posting the earnings of 2 centes a share, which includeds several one-time items. Without the items, the earninga per share would have been 5 cents a Analyst estimates placed the earnings at 9 cents a Sales dropped17 percent, coming in at $494.2 In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on sales of $596.3 million. That quarter includedd losses of $244.9 million from discontinued operations.
Quiksilvef is an apparel and accessories company. Its core brands are Roxy and DC. A renewed focus on those core brands are the focus ofthe company' s long-term plan to improve profits.
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