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Sears Roebuck Acceptance Corp., 7.00% Notes due 3/01/2038
Ticker Symbol: SRF** CUSIP: 812404200 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/29/2003
Security has been Called for: Monday, September 1, 2003
Aug. 1, 2003 -- Sears Roebuck Acceptance Corp., a wholly owned finance subsidiary of Sears, Roebuck and Co., announced today that it has elected to call for redemption the entire outstanding principal amount of its $250 million 7 percent notes due March 1, 2038 (NYSE: SRF, CUSIP No. 812404200). The redemption date is Sept. 1, 2003. SRAC will pay in cash a redemption price of 100 percent of the principal amount of the notes, plus an amount equal to all interest accrued and unpaid on each note to, but not including, Sept. 1, 2003. Under the terms of the notes and the related indenture, SRAC will make this payment on Sept. 2, 2003, since the redemption date falls on a day that is not a business day. On and after Sept. 1, 2003, interest will cease to accrue on the notes.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Sears Roebuck Acceptance Corp., 7% Notes due 3/1/2038, issued in $25 denominations, redeemable at the issuer's option on or after 3/01/2003 at $25 per share plus accrued and unpaid interest, maturing 3/01/2038, distributions of 7.00% per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record at the close of business 15 days prior to the payment date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SHLDQ)
IPO - 3/2/1998 - 10.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $250.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 3333 Beverly Road, Hoffman Estates, IL 60179 |
| Main Phone Number |
847-286-2500 |
| Fax Number |
847-286-7829 |
| Investor Relations
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847-286-7385
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| Toll Free Phone Number |
800-732-7780 |
| CEO - Alan J. Lacy |
CFO - Glenn R. Richter |
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