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HECHINGER COMPANY ANNOUNCES SALE OF $100 MILLION SENIOR DEBENTURES

HECHINGER COMPANY ANNOUNCES SALE OF $100 MILLION SENIOR DEBENTURES
 LANDOVER, Md., Nov. 12 /PRNewswire/ -- Hechinger Company (NASDAQ-NMS: HECHA and HECHB) announced today that it has sold $100 million aggregate principal amount of its 9.45 percent Senior Debentures due Nov. 15, 2012. These securities were offered under a shelf registration statement filed with the Securities and Exchange Commission on Oct. 5, 1992. The underwriting was managed by Morgan Stanley & Co. Incorporated.
 Net proceeds, together with existing and internally generated funds, will be used to finance the opening of new Home Quarters Warehouse stores and to continue the conversion of traditional Hechinger stores to the Home Project Center format.
 Hechinger Company is a leading specialty retailer, currently operating 121 home centers. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse and Triangle Building Centers.
 -0- 11/12/92
 /CONTACT: W. Clark McClelland, senior vice president-finance, Hechinger, 301-925-3105/
 (HECH) CO: Hechinger Company ST: Maryland IN: REA SU:


KD -- DC026 -- 0444 11/12/92 18:07 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:171
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