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

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

FM 27.19

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Jan 8 4:00 PM EST

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To: Arnie Doolittle who wrote (311)	3/25/1998 12:31:00 PM
From: David Kuspa	Read Replies (1) of 338

Foodmaker Inc. to Commence Private Offering of $125 Million Senior Subordinated Notes SAN DIEGO--(BUSINESS WIRE)--March 25, 1998--Foodmaker Inc., operator and franchiser of Jack in the Box(R) restaurants, today announced that it intends to commence a private offering of $125 million of senior subordinated notes pursuant to Rule 144A. The net proceeds from the offering will be used to repay existing indebtedness of the Company. The notes to be offered have not been registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. biz.yahoo.com Arnie, do you know if this $125 million is to refinance the $125 million in 9 1/4% notes due in 2002? We already know they have announced they will pay off $75 million of the 1999 9 1/4% notes, and that Hal Sachs told me they would soon announce another $50 million in debt retirement (or refinancing?). This would presumably take care of the entire 1999 series, but I'm not sure whether this new announcement is part of that or not.

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