Kellwood extends tender for up to $60 million 7 7/8% notes

By Susanna Moon

Chicago, Jan. 22 - Kellwood Co. said it extended the early tender deadline for its cash tender offer up to $60 million principle amount of its 7 7/8% debentures due 2009.

The early tender deadline is now 5 p.m. ET on Jan. 30, extended from 5 p.m. ET on Jan. 23. The tender offer is set to expire at midnight ET on Feb. 6.

Kellwood announced the tender offer on Jan. 8. The company said it would fund the offer with a portion of the proceeds from the sale of its Smart Shirts business.

Investors who tender by the early deadline 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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