Sears Roebuck Acceptance Corp. Announces $2 Billion InterNotes庐 Program
Banc of America Securities and Incapital Act As Joint Lead Managers And Lead Agents
Sears Roebuck Acceptance Corp. today announced the filing of a prospectus with the U.S. Securities and Exchange Commission for the issue from time to time of up to $2 billion of medium term notes. The notes will be offered through Incapital's InterNotes庐 Medium-Term Note program. Banc of America Securities LLC and Incapital LLC, will act as joint lead managers and lead agents of the InterNotes program.
InterNotes are medium-term notes issued by corporations and offered for sale to retail investors. InterNotes are generally offered in $1,000 increments, and provide individual investors a variety of rates, maturity dates and interest payment options.
A prospectus related to the offering of InterNotes is available to retail investors through co-agents and Incapital's national broker dealer network. Co-agents on the program include A.G. Edwards & Sons, Inc., Banc One Capital Markets, Inc., Credit Suisse First Boston, Deutsche Bank Securities, Edward D. Jones & Co., L.P., Merrill Lynch & Co., Morgan Stanley, Prudential Securities, Quick & Reilly Inc., RBC Dain Rauscher Inc., UBS PaineWebber, U.S. Bancorp Piper Jaffray and Wachovia Securities.
InterNotes are made available by broker-dealers throughout the United States and are offered by prospectus only.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy InterNotes, which may be made by a prospectus obtained from the agents listed above or Sears Roebuck Acceptance Corp. at its address listed below. InterNotes will not be sold in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration.
About Sears Roebuck Acceptance Corp.
Sears Roebuck Acceptance Corp. is a wholly owned finance subsidiary of Sears, Roebuck and Co. ("Sears"). It raises funds primarily by issuing commercial paper, medium-term notes and discrete underwritten debt and by borrowing under intermediate-term loan agreements. It uses the proceeds from its borrowings to acquire short-term notes of Sears and, on occasion, to purchase outstanding receivable balances from Sears. Sears is a broadline retailer with significant service and credit businesses. The general offices of Sears Roebuck Acceptance Corp. are located at 3711 Kennett Pike, Greenville, Delaware 19807.
SOURCE: Sears Roebuck Acceptance Corp.
CONTACT: Peggy A. Palter of Sears, Roebuck and Co., +1-847-286-8361; or
Doug Adamson of Sears Roebuck Acceptance Corp., +1-302-434-3100
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