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SERVICE MERCHANDISE ANNOUNCES DEBT SECURITIES FILING

 NASHVILLE, Tenn., Jan. 29 /PRNewswire/ -- Service Merchandise Company, Inc. (NYSE: SME) announced today that it has filed a shelf registration statement with the Securities and Exchange Commission relating to the offer and sale, from time to time, of up to $400 million of senior subordinated debt securities. The debt securities may be offered in various amounts and subject to terms to be determined in the future. The proceeds of the sales may be used to retire other indebtedness of the Company and for other corporate purposes. The Company may offer the debt securities directly to purchasers or to or through underwriters, dealers or agents which may include Merrill Lynch & Co. or which may be a group of underwriters represented by such firm.
 Service Merchandise Company, Inc., "America's Leading Jeweler," operates 370 catalog stores and two Kids Central USA stores in 37 states.
 The Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 1/29/93
 /CONTACT: S.P. Braud, Vice President, Treasurer and Chief Financial Officer, Service Merchandise Company, Inc., 615-660-3300/
 (SME)


CO: Service Merchandise Company, Inc. ST: Tennessee IN: REA SU: OFR

SB -- CH014 -- 0821 01/29/93 14:05 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:279
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