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BEST BUY FILES PUBLIC OFFERING OF $125,000,000 OF SENIOR SUBORDINATED DEBT

 MINNEAPOLIS, Aug. 24 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY) filed today with the Securities and Exchange Commission a registration statement relating to a proposed public offering of $125,000,000 of public debt in the form of Senior Subordinated Notes due 2003.
 The planned offering will be made only by prospectus. Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will underwrite the offering.
 Proceeds from the planned offering will be used to finance the company's store expansion plans and for general corporate purposes.
 Best Buy is the second largest publicly held consumer electronic and major appliance specialty retailer in the United States. The company sells nationally recognized name brand consumer electronics products, major appliances, personal computers and other home office products, entertainment software and photographic equipment at 118 stores located in 16 states in the central United States. Best Buy's stock is traded on the New York Stock Exchange, symbol BBY.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/24/93
 /CONTACT: Richard Schulze, 612-896-2448, or Allen Lenzmeier, 612-896-2454, both of Best Buy/
 (BBY)


CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU: OFR

DB-KH -- MN009 -- 5413 08/24/93 11:08 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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