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FAIRCHILD INDUSTRIES ANNOUNCES SENIOR NOTE OFFERING

 FAIRCHILD INDUSTRIES ANNOUNCES SENIOR NOTE OFFERING
 CHANTILLY, Va., July 30 /PRNewswire/ -- Fairchild Industries, Inc.,


(NYSE: FEN) a subsidiary of The Fairchild Corporation, announced today an offering of $125 million of 12-1/4 percent Senior Secured Notes due 1999.
 The Senior Notes mature on Feb. 1, 1999 and are callable at the option of Fairchild Industries, Inc. beginning on Aug. 1, 1997. The Senior Notes are secured by a lien on all of the issued and outstanding common and Series B Preferred Stock of Fairchild Industries, Inc. and the common stock of VSI Corporation, its wholly-owned operating subsidiary. Citicorp Securities Markets, Inc. is the sole underwriter for the offering of the Senior Notes in the United States.
 The Senior Note offering is one component of a broad recapitalization plan previously announced by Fairchild Industries, Inc.
 Fairchild is a leading supplier of aerospace and industrial products and communications services.
 -0- 7/30/92
 /CONTACT: John D. Jackson of Fairchild, 703-478-5872/
 (FEN) CO: Fairchild Industries Inc. ST: Virginia IN: ARO SU: OFR


LR-KW -- NY029 -- 5015 07/30/92 10:51 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:178
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