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MUNSINGWEAR ANNOUNCES NEW LONG-TERM BANKING AGREEMENT

MUNSINGWEAR ANNOUNCES NEW LONG-TERM BANKING AGREEMENT
    MINNEAPOLIS, Sept. 30 /PRNewswire/ -- Munsingwear, Inc. (NYSE: MUN) today announced that it has entered into a new long-term lending agreement with Norwest Bank Minnesota, N.A.  Charles J. Campbell, Munsingwear's president and CEO, said, "We are very pleased to have Norwest as our banking partner.  Our new committed lending facility assures Munsingwear that it will have the cost-effective financing necessary to support a very aggressive five-year growth plan through new products and expanded markets."
    Munsingwear had previously announced its expanded marketing and sales activities in the green grass pro golf shop market, the international market and the introduction of a new boys' line of apparel and a tennis line slated for spring of 1993.
    Munsingwear, Inc., a Minneapolis-based company, designs, manufactures, markets and licenses branded men's, boys' and women's apparel under the Grand Slam(R), Grand Slam Tour(TM), Munsingwear(R), Penguin Sport(TM) and Penguin Club(TM) labels.
    -0-             09/30/92
    CONTACT:  James S. Bury, vice president - controller of Munsingwear, 612-943-5034
    (MUN) CO:  MUNSINGWEAR, INC. IN:  TEX SU:  FNC ST:  MN -- MN018 -- X730  09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
Words:184
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