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Exhibit 99.3
PRESS RELEASE
FOR IMMEDIATE RELEASE EAGLE FOOD CENTERS
P.O. Box 6700, Rock Island, Illinois 61204-6700
Executive Offices & Distribution Center
Route 67 & Knoxville Road, Milan, Illinois 61264
Telephone: 309-787-7700/Fax: 309-787-7895
FROM: S. Patric Plumley
TITLE: Senior Vice President-CFO
DATE: July 7, 2000
MILAN, ILLINOIS, (July 7, 2000)-- Eagle Food Centers, Inc., (NASDAQ:
EGLE) announced today that the United States District Court for the District of
Delaware confirmed the Company's first amended plan of reorganization. In its
Chapter 11 case, and pursuant to the confirmed plan of reorganization, Eagle has
restructured its 8 5/8% Senior Notes due April 15, 2000 according to its
consensual agreements with approximately 29% of the Company's largest
institutional holders. Additionally, the Company has been able to reject or
otherwise terminate its leasehold interests with respect to a number of
non-operating or under-performing stores.
Robert J. Kelly, Chairman of the Board of Eagle, stated that, "We are
very pleased with today's development. As a result of the Company's
restructuring, it will now emerge from Chapter 11 with a much improved capital
structure. We look forward to being able to completely focus on our business as
a stronger, more secure regional supermarket chain."
Eagle Food Centers, Inc., is a leading regional supermarket chain
headquartered in Milan, Illinois, operating 64 stores in northern and central
Illinois and eastern Iowa under the trade names of Eagle Country Markets and
BOGO'S Food and Deals.
