Federated seeking refinancing for $953.5 million of Macy acquisition debt.CINCINNATI--(BUSINESS WIRE)--Jan. 5, 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 is exploring options to raise additional financing which, in conjunction with borrowings under Federated's existing bank credit facility, would be used this month to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. $953.5 million aggregate principal amount of indebtedness issued in connection with the company's acquisition of R.H. Macy & Co. The indebtedness to be prepaid is Federated's Series A Notes due 1999, and its Series B Notes due 2002. These notes do not bear interest and may be redeemed at par by the company prior to January 31, 1995. The proposed refinancing is subject to various future events, however, and there can be no assurance that the existing debt will be retired early. Federated Connected and treated as one. See federated database and federated directories. , with corporate offices in Cincinnati and 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 , is one of the nation's leading department store retailers, with annual sales of more than $14 billion. Federated currently operates 346 department stores in 35 states under the names of Abraham & Straus, Bloomingdale's, The Bon Marche, Bullock's, Burdines, Goldsmith's, Jordan Marsh Jordan Marsh was the name of a Boston, Massachusetts-based department store. Founded in 1841 and eventually part of Allied Stores and then Federated Department Stores; in 1996, the last of the Jordan Marsh stores were renamed Macy's. , Lazarus, Macy's, Rich's and Stern's. The company also operates more than 100 specialty and clearance stores nationally. CONTACT: Federated Department Stores, Inc., Cincinnati
Media - Carol Sanger, 513/579-7764
Investor - Susan Robinson, 513/579-7780
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