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ESPRIT DE CORP. ANNOUNCES COMPLETION OF $90 MILLION SENIOR NOTE FINANCING

 ESPRIT DE CORP. ANNOUNCES COMPLETION OF $90 MILLION
 SENIOR NOTE FINANCING
 SAN FRANCISCO, Feb. 10 /PRNewswire/ -- Esprit de Corp., the San Francisco-based sportswear company, reported completion of a $90 million private offering of 8.27 percent unsecured Senior Notes due 1999. Concurrently with this offering, the company also entered into a three year unsecured $40 million revolving credit facility. The notes were placed by Paine Webber Inc. and Citicorp Securities Markets Inc.
 The notes have been rated BBB by Duff & Phelps Credit Rating Co.
 Proceeds from the sale of the notes were used to retire the company's existing secured term loan and mortgage debt.
 In announcing the new financing package, Isaac Stein, chief executive officer of Esprit de Corp., said, "The strength of Esprit's past performance, especially since the 1990 recapitalization, has enabled us to attain an investment grade rating on our debt and complete this new unsecured financing package." James R. Sulat, chief financial officer of Esprit added that "Despite a difficult economy, Esprit's results have been excellent due to its strong brand name recognition and price/value relationship."
 Esprit de Corp. and its affiliates are internationally recognized leaders in the design, distribution and marketing of women's and children's sportswear and other apparel, shoes and accessories.
 -0- 2/10/92
 /CONTACT: Cassie Hughes of Esprit de Corp. 415-648-6900/ CO: Esprit De Corp. ST: California IN: REA SU:


DG -- SF003 -- 8207 02/10/92 10:30 EST
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Publication:PR Newswire
Date:Feb 10, 1992
Words:237
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