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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants) -- Ignore unavailable to you. Want to Upgrade?


To: David Kuspa who wrote (319)4/2/1998 2:53:00 PM
From: seminole  Respond to of 338
 
David

I think and hope the pricing pressure is ending. I
read an article about MAC last week. The are going
to automate their grills so their food will be fresh.
Seems the price leader found out customers want fresh,
good tasting food not just dry, dull food at $0.69.
Also when I took my daughter to Bug.. King, I noticed
that the Wopper is $1.49 and the JR. is the one sold at
$0.99 now. Hope to be back in FM soon. Hope for a $1.20
Jumbo Jack soon.

richard



To: David Kuspa who wrote (319)4/2/1998 8:25:00 PM
From: Arnie Doolittle  Read Replies (1) | Respond to 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.