Foodmaker (Jack-in-the-Box Restaurants) Message Board

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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: David Kuspa who wrote (319)	4/2/1998 8:25:00 PM
From: Arnie Doolittle	Read Replies (1) of 338

Thursday April 2, 8:00 pm Eastern Time Company Press Release Foodmaker, Inc. to Redeem $50 Million of Debt SAN DIEGO--(BUSINESS WIRE)--April 2, 1998--Foodmaker, Inc., operator and franchiser of Jack in the Box(R) restaurants, today said it has called the remaining $50 million of its 9-1/4 percent Senior Notes, due 1999. Payment is expected to be made through bank borrowings and other sources of funds available to the Company. The Company previously called for redemption on April 15, 1998, $75 million of the 9-1/4 percent Senior Notes utilizing principally cash on hand. In addition, on April 1, 1998, the Company entered into a new revolving credit facility for up to $175 million. Foodmaker operates and franchises 1,330 Jack in the Box restaurants in the West.

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