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FOODMAKER COMPLETES INITIAL PUBLIC OFFERING

 FOODMAKER COMPLETES INITIAL PUBLIC OFFERING
 SAN DIEGO, March 11 /PRNewswire/ -- Foodmaker Inc. (NYSE: FM)


announced today that it successfully closed its initial public offering of 15,000,000 shares of common stock at $15 per share. Foodmaker's common stock is now listed on the New York Stock Exchange under the symbol "FM."
 The Company also completed its public offering of $175,000,000 principal amount of its 9 1/4 percent Senior Notes due 1999 and $125,000,000 of its 9 3/4 percent Senior Subordinated Notes due 2002.
 The net proceeds from the public offering were used primarily to implement part of Foodmaker's recapitalization plan by, among other things, repurchasing the company's outstanding 12 3/4 percent Senior Notes and 14 1/4 percent Senior Subordinated Notes pursuant to previously announced tender offers.
 Chairman Jack Goodall said, "Our enhanced financial position gives management the tools we need to achieve long-term growth in today's competitive marketplace."
 Foodmaker operates and franchises JACK IN THE BOX, a leading regional competitor in the fast food segment of the restaurant industry, and Chi-Chi's, the largest chain of full-service Mexican restaurants in the United States.
 -0- 3/11/92
 /CONTACT: Charles Duddles of Foodmaker, 619-571-2470/
 (FM) CO: Foodmaker Inc. ST: California IN: LEI SU: OFR


JL-KJ -- SD004 -- 7551 03/11/92 17:43 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 11, 1992
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