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MUSICLAND FILES SENIOR SUBORDINATED NOTES OFFERING

 MINNEAPOLIS, May 19 /PRNewswire/ -- Musicland Stores Corporation (NYSE: MLG) and its wholly owned subsidiary, The Musicland Group, Inc., have filed a registration statement with the Securities and Exchange Commission to offer $110 million of Senior Subordinated Notes due 2003.
 Keith Benson, Musicland's vice chairman and chief financial officer, said, "The funds raised from the sale of these notes will be used to redeem $53.5 million in Junior Subordinated Debentures and for general corporate purposes including capital expenditures." Musicland's Junior Subordinated Debentures carry an interest rate of 14 3/4 percent and may be redeemed on or after Sept. 30, 1993, with a redemption price of $108.05.
 Headquartered in Minneapolis, Musicland Stores Corporation is the leading specialty retailer of pre-recorded home entertainment products in the United States. As of March 31, 1993, the company operated 1,137 stores in 49 states, Puerto Rico and the United Kingdom.
 The offering of the notes will be managed by Donaldson, Lufkin & Jenrette Securities Corporation and J.P. Morgan Securities Inc.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 A written prospectus may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation and J.P. Morgan Securities Inc.
 -0- 5/19/93
 /CONTACT: Marcia Appel, 612-932-7742, or Keith Benson, 612-932-7790, both of Musicland Stores/
 (MLG)


CO: Musicland Stores Corporation ST: Minnesota IN: REA SU: OFR

AL -- MN004 -- 0229 05/19/93 11:03 EDT
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Publication:PR Newswire
Date:May 19, 1993
Words:319
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