K-Swiss Registers for Common Stock Offering

K-Swiss Inc., a Chatsworth company that designs and markets athletic shoes, said it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 1 million shares of its Class A common stock.

Of the total, 100,000 shares are being offered by the company and 900,000 are being offered by a group of stockholders, K-Swiss said. It also said that the underwriters of the offering are being granted a 30-day option to purchase up to an additional 15,000 shares from K-Swiss and 120,000 from the selling stockholders.

K-Swiss said it will use its proceeds from the stock sale for general corporate purposes, initially including the repayment of debt.