Vector Group Ltd. is planning to offer $375 million aggregate principal amount of senior secured notes due 2021 through a private placement. Vector plans to use the funds to pay a portion of: the consideration for a cash tender offer for the company's 11% senior secured notes due 2015; the redemption price for any existing 11% notes that are not tendered in the cash tender offer, plus accrued and unpaid interest; and any fees and expenses in connection with the cash tender offer and any redemption of the existing 11% notes.