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Kellwood Co Completes 240 Million Credit Facility

St. Louis, Mo., May 9, 2002 Kellwood Company announced the completion of a $240 million three-year unsecured credit facility. This new facility, along with nearly $150 million of cash as of April 30, provides the company with ample liquidity and financial flexibility to meet the operating, strategic and corporate development needs of the company.Funds borrowed under the new agreement and the $10 million of cash and time deposits will be used as a source of working capital, for general corporate purposed and to fund acquisitions.Banc of America Securities LLC is the sole lead arranger and sole book manager. Banks participating in the new credit facility include Bank of America, N.A., as administrative agent; JPMorgan Chase Bank, as syndication agent; and USBank, and The Bank of Nova Scotia as co-documentation agents. Bank One is a co-agent. Mizuho Corporate Bank Ltd., The Bank of New York, UMB Bank, N.A., First Bank and Israel Discount Bank of New York are also participating in the new facility.Kellwood Company (NYSE: KWD) is a $2.1 billion marketer of apparel and recreational camping products. Source, www.kellwood.com




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