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SUNBELT NURSERY GROUP, INC. MAKES ANNOUNCEMENT

 FORT WORTH, Texas, June 30 /PRNewswire/ -- Sunbelt Nursery Group, Inc. (ASE: SBN) announced today that Pier 1 Imports, Inc. (NYSE: PIR) has extended the maturity date of approximatley $11.6 million Sunbelt owes Pier 1 from June 30, 1994, to Sept. 21, 1994.
 Donald W. Davis, president and chief executive officer, said, "We appreciate Pier 1 cooperating with us to allow time to properly refinance the Pier 1 indebtedness. We continue to work with our financial advisors to obtain the refinancing and we're actively pursuing several viable alternatives."
 Sunbelt Nursery Group, Inc. an American Stock Exchange company, is a leading specialty nursery retailer in six major metropolitan areas in Texas, Arizona and California with 92 stores that feature nursery stock and lawn and garden products.
 -0- 6/30/94
 /CONTACT: Mark L. Jones, 817-738-8111 or Teresa Graham, 817-624-7253, both for Sunbelt Nursery Group/
 (SBN PIR)


CO: Sunbelt Nursery Group, Inc.; Pier 1 Imports, Inc. ST: Texas IN: REA SU: FNC

LG -- NY046 -- 1767 06/30/94 12:31 EDT
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Publication:PR Newswire
Date:Jun 30, 1994
Words:169
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