Printer Friendly

PRESIDENT BAKING COMPANY TO REDEEM 13-5/8 PERCENT SENIOR SUBORDINATED NOTES

 ATLANTA, Sept. 8 /PRNewswire/ -- President Baking Company, Inc. today announced that it intends to redeem all or a portion of its outstanding 13-5/8 percent Senior Subordinated Notes due 1998 which are callable on Sept. 15 at 106.06 percent of par value.
 The company intends to pursue a number of financing alternatives to redeem the notes but has decided, as a result of current high yield market conditions, not to proceed further with a previously planned high yield debt offering.
 President Baking Company, headquartered in Atlanta, produces and sells a broad line of cookies, brownies, snack cakes, and crackers nationwide.
 -0- 9/8/93
 /CONTACT: Steven B. Woolf, vice president and chief financial officer of President Baking, 404-390-1700/


CO: President Baking Company ST: Georgia IN: FOD SU:

BR-BN -- AT010 -- 0044 09/08/93 18:19 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 8, 1993
Words:137
Previous Article:FLEXIBLE, POWERFUL, LIGHTWEIGHT, AND AS THICK AS A DIME; THE VALENCE RECHARGEABLE BATTERY
Next Article:MAI SYSTEMS(TM) APPOINTS MIDWARE TECHNOLOGIES AS A MASTER DISTRIBUTOR TO VARS/RESELLERS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters