KWD Kellwood

Kellwood (NYSE: KWD) Announces Proposed Offering of Convertible Debentures ST. LOUIS, June 15 /PRNewswire-FirstCall/ -- Kellwood Company (NYSE:KWD) today announced its intention to offer, subject to market and other conditions, approximately $180.0 million original principal amount of Convertible Senior Debentures due 2034 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In addition, Kellwood is expected to grant the initial purchasers an option to purchase up to an additional $20.0 million original principal amount of the debentures. The terms of the debentures to be offered will be determined by negotiations between Kellwood and the initial purchasers of the debentures. Kellwood intends to use the proceeds of the offering for general corporate purposes, including acquisitions, and to pay $4.7 million under its 6.90% private placement notes due September 1, 2005. (Logo: http://www.newscom.com/cgi-bin/prnh/20011220/CGTH038LOGO ) The debentures being offered and the common stock issuable upon conversion of the debentures have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall it constitute an offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended. http://www.newscom.com/cgi-bin/prnh/20011220/CGTH038LOGO http://photoarchive.ap.org/ DATASOURCE: Kellwood Company CONTACT: Roger D. Joseph, VP Treasurer & IR, +1-314-576-3437, or Fax, +1-314-576-3325, , or W. Lee Capps III, Executive VP Finance & CFO, +1-314-576-3486, or Fax +1-314-576-3439, , both of Kellwood Co. Web site: http://www.kellwood.com/

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