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Nash Finch To Sell Convertible Notes

MINNEAPOLIS -- Nash Finch Co. plans to sell senior subordinated convertible notes, due 2035, to qualified institutional buyers for approximately $150 million in gross proceeds.

The wholesaler/retailer plans to use the money to acquire certain assets from Roundy's, Inc., or to repay outstanding debt under the term loan portion of its senior credit facility.

Nash-Finch will grant the initial purchasers an option to buy up to an additional 10 percent of the aggregate principal amount at maturity of the notes.
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