Winn-Dixie Stores, Inc. (NYSE:Win) announced today that it has priced $ 300 million
of 8.875% Senior Notes Due 2008 (the "Senior Notes"). Winn-Dixie will
use the net proceeds, together with net proceeds from a new $800 million credit
facility, to refinance the indebtedness under Winn-Dixie’s existing credit facilities
and for general corporate purposes. The closing of the sale of the Senior Notes
is expected to occur on March 29, 2001.
Merrill Lynch and First Union Securities, Inc. acted as joint-lead managers
with Fleet Securities, Inc., BMO Nesbitt Burns Corporation, CIBC World Markets
Corporation, Credit Lyonnaise (USA), Inc., and Sun Trust Equitable Securities,
Inc. as co-managers. Merrill Lynch was sole book-running manager.
These notes were registered pursuant to an existing shelf registration.
This press release is not an offer to sell the Senior Notes and Winn-Dixie
is not soliciting an offer to buy the Senior Notes in any jurisdiction where
such an offer or sale is not permitted.
Winn-Dixie Stores, Inc, (WIN: NYSE), is one of the nation’s largest supermarket
retailers, with over 1,000 stores in 14 states and the Bahamas. 2000 marks the
Company’s 75th anniversary. For more information on Winn-Dixie, visit its official
website at http://www.winn-dixie.com.