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GENESCO COMPLETES 10 3/8 PERCENT NOTE OFFERING; CALLS 9 3/4 PERCENT NOTES

 NASHVILLE, Tenn., Feb. 5 /PRNewswire/ -- GENESCO Inc. (NYSE: GCO) announced today that it has completed a public offering of $75 million principal amount of 10 3/8 percent senior notes due 2003. Donaldson, Lufkin & Jenrette Securities Corporation was the sole underwriter for the offering.
 Approximately $54 million of the net proceeds from the sale of the notes were used to repay the bank indebtedness and to redeem the Company's 9 3/4 percent senior sinking fund notes due Oct. 15, 1993. The 9 3/4 percent notes were called for redemption at 100 percent of the principal amount thereof together with interest accrued through March 2, 1993. The 9 3/4 percent notes must be surrendered for payment at one of the following locations:
 BY HAND BY MAIL
 United States Trust Company United States Trust Company
 of New York of New York
 65 Beaver Street Post Office Box 844
 New York, NY 10005 Cooper Station
 Attn. Ground Floor New York, NY 10276
 The balance of the net proceeds from the sale of the 10 3/8 percent notes will be used to redeem shares of its British subsidiary and for working capital and other corporate purposes.
 GENESCO, headquartered in Nashville, is a consumer products company with operations concentrated in footwear and men's apparel.
 -0- 2/5/93
 /CONTACT: James S. Gulmi of GENESCO, 615-367-8325/
 (GCO)


CO: GENESCO Inc. ST: Tennessee IN: REA SU: OFR

CM -- CH003 -- 3664 02/05/93 16:06 EST
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Publication:PR Newswire
Date:Feb 5, 1993
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