NASHVILLE, Tenn., April 29 /PRNewswire-FirstCall/ -- Genesco Inc. (NYSE:
GCO) announced today that it entered into separate exchange agreements whereby
it will acquire and retire $56.4 million in aggregate principal amount of its
4.125% Convertible Subordinated Debentures due June 15, 2023 (the
"Debentures") in exchange for the issuance of 3,066,713 shares of its common
stock, which include 2,811,575 shares that were reserved for conversion of the
Debentures and 255,138 newly-approved shares, and the payment of accrued
interest. After completion of the exchange, $29.8 million aggregate principal
amount of Debentures will remain outstanding.
About Genesco Inc.
Genesco Inc., a Nashville-based specialty retailer, sells footwear,
headwear and accessories in more than 2,225 retail stores in the United States
and Canada, principally under the names Journeys, Journeys Kidz, Shi by
Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack,
Hat Zone, Head Quarters and Cap Connection, and on internet websites
www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com,
www.undergroundstation.com, www.johnstonmurphy.com, www.dockersshoes.com and
www.lids.com. The Company also sells footwear at wholesale under its Johnston
& Murphy brand and under the licensed Dockers brand. Additional information
on Genesco and its operating divisions may be accessed at its website
www.genesco.com.
SOURCE Genesco Inc.
-0- 04/29/2009
/CONTACT: Genesco Financial Contact, James S. Gulmi, +1-615-367-8325, or
Genesco Media Contact, Claire S. McCall, +1-615-367-8283/
/Web Site: http://www.genesco.com /
(GCO)
CO: Genesco Inc.
ST: Tennessee
IN: REA FAS
SU:
PR
-- CL07972 --
3872 04/29/2009 15:55 EDT http://www.prnewswire.com