NASHVILLE, Tenn., Nov. 4 /PRNewswire-FirstCall/ -- Genesco Inc. (NYSE: GCO) announced the issuance on November 3, 2009, of a notice of redemption to the holders of the Company's 4.125% Convertible Subordinated Debentures due 2023. Pursuant to the notice, all of the Debentures that remain outstanding will be redeemed on December 3, 2009.
As of November 3, 2009, $24.815 million aggregate principal amount of the Debentures were outstanding. The Debentures may be converted into common stock of the Company at the rate of 49.8462 shares for each $1,000 in principal amount at the option of the holders at any time prior to the redemption date.
About Genesco Inc.
Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 2,240 retail stores in the United States and Canada, principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundstation.com, www.johnstonmurphy.com, www.dockersshoes.com and www.lids.com. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. Additional information on Genesco and its operating divisions may be accessed at its website www.genesco.com.
SOURCE Genesco Inc.