Genesco in stock-for-debt swap

By Geert De Lombaerde Posted on November 3, 2009 at 8:10 am

Nashville-based retailer Genesco will convert almost $30 million of bonds into common shares over the course of the next month. When that’s done, the company (Ticker: GCO) will have less than $25 million of long-term debt on its books. (Search for ‘Note 7.’)

Tags: convertible bonds, debt, Genesco Inc., retail

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