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K-SWISS INC. ANNOUNCES PUBLIC OFFERING OF CLASS A COMMON STOCK

 CHATSWORTH, Calif., June 9 /PRNewswire/ -- K-Swiss Inc. (NASDAQ: KSWS) announced today that an underwriting group managed by Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Inc. has offered 1,300,000 shares of Class A Common Stock of K-Swiss Inc. at $24.50 per share. Of the shares being offered, 100,000 shares are being sold by the company, and 1,200,000 shares are being sold by a group of selling stockholders. In addition, the company and the selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 15,000 and 140,000 shares, respectively, for the purpose of covering over-allotments, if any. Proceeds to the company from the sale of its shares will be used for general corporate purposes, initially to repay borrowings under the company's revolving credit facility. The company will not receive any proceeds from the sale of shares by the selling stockholders.
 K-Swiss Inc. designs develops and markets athletic footwear for high-performance sports use and fitness activities. The company presently offers footwear for court and nautical sports, hiking and walking.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. The offering of the Class A Common Stock is made only by the prospectus relating to these securities.
 -0- 6/9/93
 /CONTACT: George Powlick, CFO of K-Swiss, 818-998-3388/
 (KSWS)


CO: K-Swiss Inc. ST: California IN: TEX SU: OFR

LS-JL -- LA012 -- 0037 06/09/93 09:18 EST
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Publication:PR Newswire
Date:Jun 9, 1993
Words:250
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