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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item |
Kellwood tenders for up to $60 million 7 7/8% notes
By Jennifer Chiou
New York, Jan. 9 - Kellwood Co. announced the start of a cash tender offer for up to $60 million of its 7 7/8% notes due 2009 using a portion of the proceeds from the sale of its Smart Shirts business.
The tender offer will expire at midnight ET on Feb. 6.
Those who tender by the early deadline of 5 p.m. ET on Jan. 23 will receive the total consideration of $1,035 per $1,000 principal amount of notes, which includes an early tender premium of $30.
Kellwood said it would also pay accrued interest to the payment date.
If the company receives tenders in excess of $60 million, it will accept the notes on a pro rata basis.
J.P. Morgan Securities Inc. is the dealer manager (866 834-4666 or call collect 212 834-3424). Global Bondholder Services Corp. is the information agent (call collect 212 430-3774 or 866 470-3900).
Kellwood is a St. Louis-based marketer of apparel and consumer soft goods.
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