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COPPERWELD STEEL FINANCIAL AGREEMENT EXTENDED

 COPPERWELD STEEL FINANCIAL AGREEMENT EXTENDED
 WARREN, Ohio, Dec. 20 /PRNewswire/ -- CSC Industries, Inc. (NASDAQ:


CPSL) announced that Sanwa Business Credit Corporation, Chicago, agreed today, subject to approval of Sanwa's Credit Committee, to maintain its working capital revolving loan with Copperweld Steel Company, a subsidiary of CSC Industries, until March 1, 1992, while CSC continues to negotiate with Sanwa and others for a full loan replacement.
 Daido Steel Co., Ltd. of Japan, 37 percent shareholder of CSC Industries, has agreed to loan to CSC $5 million to allow CSC to maintain its previously announced capital spending programs and to insure compliance with the revolver during these negotiations.
 -0- 12/20/91
 /CONTACT: Donald J. Caiazza of CSC Industries, Inc., 216-841-6658/
 (CPSL) CO: CSC Industries, Inc. ST: Ohio IN: MNG SU: FNC


CG -- CL015 -- 4489 12/20/91 15:58 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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