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HOMELAND STORES REGISTRATION STATEMENT EFFECTIVE; REGISTERED EXCHANGE OFFER FOR $120,000,000 SENIOR SECURED NOTES ISSUED

 HOMELAND STORES REGISTRATION STATEMENT EFFECTIVE; REGISTERED EXCHANGE OFFER FOR $120,000,000 SENIOR SECURED NOTES ISSUED
 OKLAHOMA CITY, Oct. 8 /PRNewswire/ -- Homeland Stores, Inc., announced today that its registration statement with respect to its exchange offer for all of its outstanding senior secured floating rate notes, due 1997 ($45,000,000 principal amount outstanding) and all of its outstanding senior secured fixed rate notes, due 1999 ($75,000,000 principal amount outstanding) has been declared effective by the Securities and Exchange Commission.
 Homeland issued the outstanding senior secured notes in a private placement transaction on March 5, 1992. To satisfy its obligations under agreements with purchasers in the private placement, Homeland is offering to exchange the outstanding notes, which are unregistered, for new notes, which are substantially identical, but (as of today) are registered.
 With net sales of $786 million in fiscal 1991, Homeland Stores, Inc. is the leading supermarket chain in the Oklahoma, southern Kansas and Texas panhandle region. Homeland operates 113 stores, approximately 54 percent of which are located in its three major metropolitan areas, Oklahoma City, Tulsa, and Amarillo, and a 600,000 square foot warehouuse and distribution center in Oklahoma City. Homeland estimates that in 1991 it accounted for 26 percent of total supermarket sales in its market region. Homeland Stores, Inc., was formed in 1987 by Clayton, Dubilier & Rice, Inc., a New York-based private investment firm, to acquire the Oklahoma division of Safeway Inc.
 Copies of the prospectus are being mailed to record holders of Homeland's outstanding senior secured notes, most of which were acquired in the private placement on March 5, 1992.
 -0- 10/8/92
 /CONTACT: Thomas Franco or Allison Sargent of Broadgate Consultants, 212-229-2222, for Homeland Stores, Inc./ CO: Homeland Stores, Inc. ST: Oklahoma IN: REA SU: OFR


AH-KW -- NY113 -- 8119 10/08/92 17:48 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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