2009072101

Credit Event

Kellwood Co

Event Publicly Available Information:

On 16 July, Kellwood Co. issued a press release which indicated that the company did not make the required principal payment due on its 7 7/8% notes on 15 July. The terms of the indenture do not provide a grace period on principal payments. The grace period under section 1.12 expired on 20 July.Link to 16 July press release Link to indenture