COLTON, Calif. -- Stater Bros. Holdings here intends to raise $275 million in a private debt offering. Proceeds from the new senior notes, due in 2015, will allow Stater to redeem $175 million in principal from outstanding floating rate notes due in 2010, to purchase $15 million in Class A stock, and pay a $5 million dividend to La Cadena Investments, the company‘s sole shareholder. Remaining proceeds would be used for general corporate purposes, the retailer said.
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