The July 4 holiday means Ralphs Grocery Co. will likely price its $300 million offering tomorrow or wait until early next week, a high-yield sources said yesterday.

The Compton, Calif.-based supermarket chain plans to use proceeds from those 10-year notes, an accompanying initial public offering, and a newly acquired bank line to refinance $400 million of junk bondds and some old bank debt, the high-yield source said.

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