Kellwood Company Completes $400 Million Credit Facility
October 21 2004 - 2:03PM
PR Newswire (US)
Kellwood Company Completes $400 Million Credit Facility ST. LOUIS,
Oct. 21 /PRNewswire-FirstCall/ -- Kellwood Company (NYSE:KWD)
announced the completion of a $400 million five-year unsecured
credit facility. This new facility, along with nearly $263 million
of cash as of July 31, provides the Company with ample liquidity
and financial flexibility to meet the operating, strategic, and
corporate development needs of the Company. (Logo:
http://www.newscom.com/cgi-bin/prnh/20011220/CGTH038LOGO ) Funds
borrowed under the new agreement and the $263 million of cash and
time deposits will be used as a source of working capital, for
general corporate purposes and to fund acquisitions. Banc of
America Securities LLC is the sole lead arranger and sole book
manager. Banks participating in the new credit facility include
Bank of America, N.A., as administrative agent, JPMorgan Chase
Bank, as syndication agent, USBank, The Bank of Nova Scotia,
SunTrust and Wachovia as co- documentation agents. Bank of New
York, HSBC, Mizuho Corp., Standard Chartered, Union Bank of CA and
UMB St. Louis are co-agents. First Bank, Israel Discount Bank,
Citibank and National City Bank are also participating in the new
facility. Kellwood Company (NYSE:KWD) is a $2.4 billion marketer of
apparel and recreational camping products. For more about Kellwood,
visit the Company's web site at http://www.kellwood.com/ .
http://www.newscom.com/cgi-bin/prnh/20011220/CGTH038LOGO
http://photoarchive.ap.org/ DATASOURCE: Kellwood Company CONTACT:
Financial, Roger D. Joseph, VP Treasurer & IR, +1-314-576-3437,
fax, +1-314-576-3325, , W. Lee Capps III, Executive VP Finance
& CFO, +1-314-576-3486, fax, +1-314-576-3439, , or Media, Donna
Weaver, VP Corp. Comm., +1-212-329-8072, fax, +1-212-329-8073, ,
all of Kellwood Co. Web site: http://www.kellwood.com/
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