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Article: Genesco Announces Conversion of $5.0 Million of Convertible Debentures for Common Stock in Exchange for Early Payment of Accrued Interest.
- Article from:
- PR Newswire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NASHVILLE, Tenn., Nov. 2 /PRNewswire-FirstCall/ -- Genesco Inc. announced today that it entered into separate conversion agreements whereby holders of an aggregate of $5.0 million in aggregate principal amount of its 4.125% Convertible Subordinated Debentures due 2023 (the "Debentures") will convert each $1,000 principal amount of their Debentures into 49.8462 shares of the Company's common stock pursuant to the terms of the Debentures in exchange for the early payment of interest on the Debentures from the last interest payment date through November 4, 2009, representing approximately $16.04 on each of the Debentures, for an aggregate payment of $80,208. After ...