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RALPHS GROCERY EXTENDS DEBENTURE TENDER OFFER TO JULY 6

 RALPHS GROCERY EXTENDS DEBENTURE TENDER OFFER TO JULY 6
 LOS ANGELES, June 29 /PRNewswire/ -- Ralphs Grocery Company


announced today that it has extended its cash tender offer for up to $400 million of its 14 percent senior subordinated debentures due 2000 through 5 p.m., New York City time, on Monday, July 6, 1992. The offer had been scheduled to expire at 5 p.m. New York City time, on Friday, June 26, 1992.
 The company also reported that, as of the close of business on June 26, 1992, the holders of approximately $301.5 million in principal amount, or 75.4 percent of the debentures outstanding, had tendered into the offer.
 The tender offer is part of a recapitalization plan being implemented by Ralphs Grocery Company and its parent, Ralphs Supermarkets, Inc., and is conditioned upon, among other things, the successful completion of the component parts of the plan. It is expected that the tender offer period will be further extended to an expiration date which coincides with the closings of the pending public offerings of common stock and senior subordinated notes, the proceeds of which will be used to fund the tender offer.
 Merrill Lynch & Co. and BT Securities Corporation are the dealer managers for the tender offer.
 -0- 6/29/92
 /CONTACT: Jan Charles Gray (media), 310-637-7791, or Alan J. Reed (analysts), 310-605-4516, both of Ralphs Grocery Company; or Stanley J. Kay of MacKenzie Partners, 212-929-5940, for Ralphs Grocery Company/ CO: Ralphs Grocery Company ST: California IN: REA SU: OFR


GK-SB -- NY014 -- 4565 06/29/92 09:27 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
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