SCC Holdings Corp. intends to sell up...
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SCC Holdings Corp. intends to sell up to $425 million worth of debt securities to repay loans used to acquire Stop & Shop Cos., according to an Securities and Exchange Commission filing. Formed by Kohlberg, Kravis Roberts & Co., Boston-based SCC Holdings said it may sell three kinds of notes and a series of debentures to pay off a $275-million bridge loan and a $150-million subordinated note. With headquarters in Boston, Stop & Shop operates 113 supermarkets in Massachusetts, Connecticut, Rhode Island and New York.
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