FRUIT OF THE LOOM OFFERS DEBENTURES, NOTES
Fruit of the Loom Inc said it is
offering 60 mln dlrs of 6-3/4 pct convertible subordinated
debentures due March 2002 and 250 mln dlrs of 10-3/4 pct senior
subordinated notes due July 1995.
    Both issues are priced at par. The convertible debentures
may be exchanged for class A common stock at the holder's
option at 11.25 dlrs. Drexel Burnham Lambert Inc is lead
manager for both offerings.
    The convertible debentures are rated B-3 by Moody's
Investors Service Inc and CCC-plus by Standard and Poor's Corp.
The notes are rates B-2 by Moody's and CCC-plus by S/P.
 Reuter
