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RALLY'S INC. PLANS OFFERING OF $75,000,000 OF SENIOR NOTES

 LOUISVILLE, Ky., Feb. 1 /PRNewswire/ -- Rally's Inc. (NASDAQ: RLLY) announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) relating to the company's proposed offering of $75,000,000 of Senior Notes due 2000. The company intends to use the net proceeds from the offering principally to fund the construction or acquisition of restaurants, as well as to repay existing indebtedness and for general working capital purposes.
 The offering will be managed by Paine Webber Inc.
 A registration statement relating to the senior notes has been filed with the SEC, but has not yet become effective. Senior notes may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Rally's Inc. is America's largest double drive-thru hamburger chain. At Jan. 28, 1993, there were 450 Rally's restaurants operating in 25 states.
 -0- 2/1/93
 /CONTACT: Wayne M. Albritton, president and COO, or Donald C. Moore, senior VP and CFO of Rally's, 502-245-8900, or 800-872-5597/
 (RLLY)


CO: Rally's Inc. ST: Kentucky IN: LEI SU: OFR

EH -- LA013 -- 1218 02/01/93 09:40 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:240
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