99-Cent Only Stores Announces Closing of $250M Senior Notes Offering into Escrow

99-Cent Only Stores®

, Number Holdings, Inc and affiliates of Ares Management LLC and the Canada Pension Plan Investment Board today announced the closing of the offering of $250 million aggregate principal amount of 11% senior notes due 2019 in a private placement by Number Merger Sub, Inc., a subsidiary of Parent controlled by the Sponsors. The Notes were issued in connection with the previously announced acquisition of the Company by the Sponsors through the merger of Merger Sub with and into the Company. Upon the consummation of the Acquisition, which we expect to occur in January 2012, the Company will assume all of the obligations of Merger Sub and certain subsidiaries of the Company will guarantee such obligations under the Notes.