FLEMING SELLS BONDS TO FINANCE EXPANSION

DALLAS -- Fleming here said last week it is going to the bond market to raise the money it needs to grow. At the same time, the company was careful to reassure investors its recent reorganization continues to be on track.Fleming said it has agreed to sell a $150 million principal amount of 10-5/8% Senior Subordinated notes as an add-on to the company's existing $250 million Senior Subordinated Notes

DALLAS -- Fleming here said last week it is going to the bond market to raise the money it needs to grow. At the same time, the company was careful to reassure investors its recent reorganization continues to be on track.

Fleming said it has agreed to sell a $150 million principal amount of 10-5/8% Senior Subordinated notes as an add-on to the company's existing $250 million Senior Subordinated Notes due 2007.

Fleming also reaffirmed that its restructuring efforts in its distr

Register to view the full article

Already a member? .