Kellwood greenshoe exercised, raising convertibles to $200 million

Pittsburgh, July 2 - Kellwood Co. said the underwriters of its recent offering of 3.5% convertible senior debentures due 2034 have exercised the $20 million over-allotment option in full, raising the size of the deal to $200 million.

The St. Louis-based maker of apparel and fashion accessories originally priced $180 million of the securities after the close on June 16 to yield 3.5% with a 30% initial conversion premium.

JPMorgan Securities Inc. was the bookrunner on the Rule 144A deal.

Kellwood will use proceeds for general corporate purposes, including acquisitions, and to pay $4.7 million under its 6.9% notes due Sept. 1, 2005.

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