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BURLINGTON TENDER OFFERS EXPIRE

 BURLINGTON TENDER OFFERS EXPIRE
 GREENSBORO, N.C., March 27 /PRNewswire/ -- Burlington Industries


Equity Inc. (NYSE: BUR) announced today that the tender offers for outstanding public debt securities of Burlington Holdings Inc. and Burlington Industries Capital Inc. have expired.
 The company said that, based on a preliminary count by the depositary, $156.9 million principal amount of 13.875 percent Series B Senior Subordinated Notes Due 1996 of Holdings (approximately 75.1 percent of the principal amount outstanding), $89.0 million principal amount of 14.25 percent Subordinated Debentures Due 1999 of Holdings (approximately 95.7 percent of the principal amount outstanding), $199.0 million principal amount of Series B Junior Subordinated Discount Debentures Due 2003 of Holdings (approximately 92.7 percent of the principal amount outstanding), and $108.9 million principal amount of 16.875 percent Senior Discount Debentures due 2004 of Capital (approximately 99.9 percent of the principal amount outstanding) were tendered pursuant to the tender offers as of midnight, March 26, 1992. The tenders of all such debt securities have been accepted for payment.
 Burlington Industries Equity Inc. is the parent company of Burlington Industries, Inc. (headquartered in Greensboro, N.C.), one of the largest and most diversified manufacturers of textile products in the world.
 -0- 3/27/92
 /CONTACT: Tom Daly of Kekst & Company, 212-593-2655, for Burlington Industries, or Dick Windham of Burlington Industries, 919-379-2303/
 (BUR) CO: Burlington Industries Equity Inc.; Burlington Holdings Inc.;
 Burlington Industries Capital Inc.; Burlington Industries, Inc. ST: North Carolina IN: TEX SU: OFR


CM -- CH007 -- 2449 03/27/92 15:20 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 27, 1992
Words:261
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