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    Susser Holdings Offers $150 Million in Senior Notes

    Proceeds will finance Town & Country acquisition.

    CORPUS CHRISTI, Texas -- Susser Holdings Corp., parent company to the Stripes chain of convenience stores, subsidiary Susser Holdings LLC, will offer $150 million worth of senior notes due 2013, to finance its recent purchase of Town & Country Food Stores, the company stated.

    Net proceeds from the offering -- made up of 10 and 5/8 percent senior notes -- will partially fund the Town & Country acquisition, which was announced Sept. 23, the company stated. The purchase price for the acquisition was $361 million in cash, CSNews Online reported at the time of the announcement.

    The notes offering is subject to market and other conditions, including the closing of the Town & Country acquisition, the company stated.

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