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RALPHS SUPERMARKETS AND SUBSIDIARY ANNOUNCE OFFERING

 RALPHS SUPERMARKETS AND SUBSIDIARY ANNOUNCE OFFERING
 LOS ANGELES, July 22 /PRNewswire/ -- Ralphs Supermarkets Inc. and


its wholly owned subsidiary, Ralphs Grocery Company, today announced an offering of $300 million Ralphs Grocery Company Senior Subordinated Notes due 2002 at a coupon of 10.25 percent.
 This debt issue is part of a recapitalization plan which also includes the tender for the outstanding 14 percent subordinated debt, and refinancing bank debt. The tender offer for up to $400 million of 14 percent Senior Subordinated Debentures due 2000 is scheduled to expire at noon, New York City time, on Wednesday, July 29, 1992.
 Chairman and Chief Executive Officer Byron Allumbaugh indicated, "Completing the recapitalization plan will reduce interest expense and improve financial flexibility, allowing Ralphs the capital for continued growth in the coming years."
 Founded in 1873, Ralphs Grocery Company, a leading supermarket in Southern California, operates 157 stores.
 -0- 7/22/92
 /CONTACT: Jan Charles Gray (media), 310-637-7791, or Alan J. Reed, 310-605-4516, or Linda Schwab, 310-605-4713 (investors), all of Ralphs/ CO: Ralphs Supermarkets Inc. ST: California IN: REA SU: OFR


CH-AL -- LA013 -- 1906 07/22/92 12:26 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
Words:188
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