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FOOD LION ISSUES CONVERTIBLE SUBORDINATED DEBENTURES

 SALISBURY, N.C., June 14 /PRNewswire/ -- Food Lion, Inc. (NASDAQ-NMS: FDLN) announced today that it has issued $115 million principal amount 5 percent Convertible Subordinated Debentures due 2003. The Debentures are convertible into shares of the company's Class A nonvoting Common Stock on and after Sept. 13, 1993 at an initial conversion price of $7.90.
 The company intends to use the net proceeds from the sale of the Debentures to fund in part its 1993 capital expenditures primarily for the construction and equipping of new stores and the remodeling and expansion of existing stores.
 The Debentures have not been registered under the Securities Act of 1993 and may not be offered or sold within the United States or to U.S. persons except pursuant to an exemption from the registration requirements of such Act.
 -0- 6/14/93
 /CONTACT: Mike Mozingo of Food Lion, Inc., 704-633-8250, ext. 2575/
 (FDLN)


CO: Food Lion, Inc. ST: North Carolina IN: REA SU: OFR

MM -- CH010 -- 1833 06/14/93 17:18 EDT
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Publication:PR Newswire
Date:Jun 14, 1993
Words:170
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