Sears Roebuck Acceptance to tender for 7%, 7.4% notes

New York, May 11 - Sears Roebuck Acceptance Corp. said it plans to start a tender within a week for its $111 million principal amount of 7% notes due 2042 and $94 million 7.4% notes due 2043.

The Greenville, Del., finance subsidiary of retailer Sears, Roebuck and Co. expects to offer $25.65 per $25.00 principal amount of the 7% notes and $25.75 per $25.00 principal amount of the 7.4% notes. The prices include accrued interest.

In addition to the tender, Sears Roebuck Acceptance has asked to delist all its debt securities from the New York Stock Exchange and deregister them with the Securities and Exchange Commission.

The move will affect the 6¾% notes due September 2005 in addition to the 7% and 7.4% notes.

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