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RYKOFF-SEXTON INC. ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 RYKOFF-SEXTON INC. ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
 LOS ANGELES, April 15 /PRNewswire/ -- Rykoff-Sexton Inc. (NYSE: RYK) today announced it has completed the private placement of $100 million principal amount of 8.6 percent senior notes due April 14, 2002.
 Roger W. Coleman, president and chief executive officer, said proceeds will be used to refinance existing indebtedness and for general corporate purposes.
 The financing was arranged through Bank of America's Investment Banking Group. Funds were provided by Metropolitan Life Insurance Co., Teachers Insurance and Annuity Association of America, The Northwestern Mutual Life Insurance Co. and Connecticut Mutual Life Insurance Co.
 Rykoff-Sexton Inc. is a leading manufacturer and distributor of food and related products for restaurants, institutions and membership warehouse stores nationwide. Manufacturing, processing and packaging operations are based in Los Angeles; Indianapolis; Englewood, N.J.; Brooklyn, N.Y.; and Des Moines, Iowa. The company's 31 distribution centers are located throughout the United States.
 -0- 4/15/92 R
 /CONTACT: Mark Van Stekelenburg of Rykoff-Sexton, 213-622-4131; or Roger S. Pondel of Pondel Parsons & Wilkinson, 310-207-9300, for Rykoff- Sexton/
 (RYK) CO: Rykoff-Sexton Inc. ST: California IN: FOD SU:


DM -- LA007 -- 8746 04/15/92 13:16 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:194
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