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BEST BUY PRICES $150,000,000 OF PUBLIC SUBORDINATED DEBT AT 8-5/8 PERCENT

 MINNEAPOLIS, Oct. 5 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY), announced the public offering of $150,000,000 aggregate principal amount of its 8-5/8 percent Senior Subordinated Notes due 2000.
 Goldman, Sachs & Co., and Merrill Lynch, Pierce, Fenner & Smith Incorporated co-managed the offering.
 Net proceeds to the company of approximately $146.4 million will be used to support the company's expansion plans, as well as for working capital and other general corporate purposes.
 Best Buy is the second largest publicly held consumer electronics and major appliance 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 127 stores located in 16 states in the central United States. Best Buy's stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 10/5/93
 /CONTACT: Richard M. 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

AL -- MN003 -- 8726 10/05/93 09:11 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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