Stater to start roadshow Tuesday for $685 million, two-tranche note offering

By Paul A. Harris

St. Louis, May 28 - Stater Bros. Holdings Inc. will hold a roadshow Tuesday through June 9 for a $685 million, two-part note offering (BB-), according to an informed source.

The Colton, Calif.-based supermarket chain operator is offering $525 million of senior fixed-rate notes due 2012, which are non-callable for four years, and $160 million of senior floating-rate notes due 2010, which are non-callable for two years.

Banc of America Securities will run the books for the Rule 144A offering.

Proceeds will be used to fund the tender for the company's 10¾% senior notes due 2006, to pay costs associated with the acquisition and construction of a new distribution center and for general corporate purposes.

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