Federated announces proposed note offering.CINCINNATI--(BUSINESS WIRE)--Sept. 27, 1995--Federated Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. announced today that it intends to effect an underwritten public offering of $400.0 million aggregate principal amount of senior notes. The company expects to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering to prepay the entire $307.4 aggregate principal amount of the company's senior convertible discount notes due 2004, as well as for other general corporate purposes, which may include expenditures related to Federated's pending acquisition of Broadway Stores, Inc. The contemplated prepayment Prepayment 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. Notes: 1. Examples include deferred expenses such as rent and early loan repayments. 2. of the company's senior convertible discount notes, with an interest rate of 9.72 percent, is subject to various future events and there can be no assurance that such prepayment will be effected. If the senior convertible discount notes are to be prepaid, notice will be given in accordance with the instruments under which the notes were issued. Federated's senior notes will be offered only by means of a written prospectus, copies of which will be obtainable from Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004. With corporate offices in Cincinnati and New York, Federated Connected and treated as one. See federated database and federated directories. is one of the nation's leading department store retailers, with annual sales of more than $14 billion. CONTACT: Federated Department Stores, Inc., Cincinnati Media - Carol Sanger, 513/579-7764 Investor - Susan Robinson, 513/579-7780 |
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