Roundy's Supermarkets completes tender for 8 7/8% notes due 2012, buying all

New York, Nov. 3 - Roundy's Supermarkets, Inc. said it completed its tender offer for its 8 7/8% senior subordinated notes due 2012 to 5 p.m. ET on Nov. 3, buying all the notes.

The offer expired at 5 p.m. ET on Nov. 3 after being extended from midnight ET on Nov. 1.

As previously announced, the company will pay $1,102.38 per $1,000 principal amount for the notes, including the $30.00 consent payment. Pricing was fixed at 11 a.m. on Oct. 26.

By the consent deadline of 5 p.m. ET on Oct. 18, holders of all the notes had agreed to the changes.

The Pewaukee, Wis., food retailer and wholesaler began the tender offer on Oct. 4 and said it was seeking consents to proposed amendments to the notes' indenture, eliminating all restrictive covenants and default provisions.

For each $1,000.00 principal amount of notes, the company said it will pay the present value of $1,044.38 - the call price of the notes at their first redemption date on June 15, 2007 - discounted using the yield to maturity of the 3 5/8% Treasury due June 30, 2007 plus 50 basis points. The amount includes the $30.00 consent payment for those who tendered their holdings before the consent deadline.

Roundy's will also pay accrued interest up to but not including the payment date.

The company's offer is conditioned upon sufficient financing, new credit facilities and/or debt transactions and consents from a majority of noteholders.

Roundy's said the offer is part of its recapitalization, debt refinancing plan and the payment of a dividend to a shareholder.

Bear, Stearns & Co. Inc. (877 696-2327 or call collect 212 272-5112) and Goldman, Sachs & Co. (800 828-3182 or call collect 212 357-8664) are dealer managers. D.F. King & Co., Inc. is the information agent (888 628-9011).

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