Notice that Certified Grocers and its subsidiary Grocers Capital Company sold a portfolio of customer loans

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Transactions

Certified Grocers and its subsidiary Grocers Capital Company have sold a portfolio of customer loans

Kerlin assisted Certified in negotiating and completing the sale of a $30 million portfolio of customer loans and the establishment of a credit facility designed to allow Certified to initiate new loans in the future. This transaction was the first step in a total debt recapitalization of Certified that was completed in early 1998.