Genesco Inc. (NYSE: GCO) has entered separate conversion agreements where holders of an aggregate of $5.0 million in aggregate principal amount of their 4.125% Convertible Subordinated Debentures due 2023 will convert each $1,000 principal amount of their Debentures into 49,8462 shares of the Company's common stock pursuant to the terms of the Debentures in exchange for the early payment of interest on the Debentures from the last interest payment date through November 4, 2009. This represents about $16.04 on each of the Debentures for an aggregate payment of $80,208. Following completion of the conversions, $24.815 million aggregate principal amount of Debentures will remain outstanding.
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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.
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