BURLINGTON INDUSTRIES <BUR> SELLS CONVERTIBLES
Burlington Industries Inc is raising 75
mln dlrs through an offering of convertible subordinated
debentures due 2012 with a 6-1/4 pct coupon and par pricing,
said lead manager Kidder, Peabody and Co Inc.
    The debentures are convertible into the company's common
stock at 63.50 dlrs per share, representing a premium of 18.1
pct over the stock price when terms on the debt were set.
    Non-callable for three years, the issue is rated Ba-2 by
Moody's Investors Service Inc and BBB by Standard and Poor's
Corp. Merrill Lynch Capital Markets and Salomon Brothers Inc
co-managed the deal.
 Reuter
