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Article: Genesco Announces Issuance of Redemption Notice for Convertible Subordinated Debentures.
- Article from:
- PR Newswire
- Article date:
- November 4, 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. 4 /PRNewswire-FirstCall/ -- Genesco Inc. announced the issuance on November 3, 2009, of a notice of redemption to the holders of the Company's 4.125% Convertible Subordinated Debentures due 2023. Pursuant to the notice, all of the Debentures that remain outstanding will be redeemed on December 3, 2009.
As of November 3, 2009, $24.815 million aggregate principal amount of the Debentures were outstanding. The Debentures may be converted into common stock of the Company at the rate of 49.8462 shares for each $1,000 in principal amount at the option of the holders at any time prior to the redemption date.
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