LNT looks to pay off short-term debt
May 31, 2002,
Clifton, NJ — Linens 'n Things wants to sell about 3.4 million shares of common stock, using the cash it raises to pay down short-term debt.
With the retailer's stock lately at about $33 a share, the sale could bring in about $112 million in cash.
Credit Suisse First Boston is the lead underwriter for the proposed offering.
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