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FOODMAKER RECEIVES TENDERS AND CONSENTS ON SENIOR NOTES

 FOODMAKER RECEIVES TENDERS AND CONSENTS ON SENIOR NOTES
 SAN DIEGO, March 2 /PRNewswire/ -- Foodmaker, Inc. (Foodmaker)


announced today that as of midnight (New York time) on Feb. 28, 1992, it had obtained, based on a preliminary count from the depositary, tenders and consents from holders of its 12-3/4 percent senior notes due 1996 (the "senior notes"), representing approximately 99 percent of the aggregate amount of senior notes outstanding and totalling approximately $149 million. As of that date, Foodmaker also had obtained, based on a preliminary count from the depositary, tenders and consents from holders of its senior subordinated notes due 1998 (the "senior subordinated notes"), representing more than 82 percent of the aggregate amount of senior subordinated notes outstanding and totalling more than $247 million. The consent solicitation periods for the senior notes and the senior subordinated notes (collectively, the "notes") have expired, and Foodmaker has executed the supplemental indentures reflecting the amendments to the indentures governing the notes. As a result, notes tendered at any time may not be withdrawn.
 Foodmaker also announced that it has extended the expiration dates of the tender offers for the notes to 5 p.m. (New York time) on Friday,
March 6, 1992. It is expected that the tender offer periods will be further extended to expire concurrently with the closings of the pending public offerings of common stock and new debt securities of Foodmaker, the proceeds of which will be used to fund the tender offers and make the consent solicitation payments.
 Morgan Stanley & Co., Incorporated and Donaldson, Lufkin & Jenrette are the dealer managers of the tender offers and consent solicitations.
 -0- 3/2/92
 /CONTACT: Charles Duddles of Foodmaker, 619-571-2470/ CO: Foodmaker, Inc. ST: California IN: FOD SU:


TS -- NY005 -- 3727 03/02/92 08:01 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 2, 1992
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