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FISCHER & PORTER COMPANY ISSUES ANNOUNCEMENT REGARDING REFINANCING OF U.S. CREDIT FACILITIES

 FISCHER & PORTER COMPANY ISSUES ANNOUNCEMENT
 REGARDING REFINANCING OF U.S. CREDIT FACILITIES
 WARMINSTER, Pa., Sept. 15 /PRNewswire/ -- Fischer & Porter Company (AMEX: FP) today announced it has completed the refinancing of its U.S. credit facilities.
 The new agreement, entered into with an affiliate of Bank of America, BA Business Credit, Inc., is a three-year $17.5 million facility consisting of a $2.5 million term loan and an asset-based revolving credit facility of up to $15 million. This new arrangement replaces an asset-based short-term revolving credit facility of up to $15 million.
 Fischer & Porter Company is a world leader in measurement and control technologies. The company's products include flowmeters, transmitters, process controllers, microcomputers, distributed control systems, analytical instruments and various types of disinfection equipment. Throughout the world, Fischer & Porter instruments and systems are an integral part of such varied enterprises as chemical plants, pharmaceutical plants, food and beverage processing facilities, pulp and paper mills, mines, metal refineries and municipal and industrial water and wastewater treatment plants.
 -0- 9/15/92
 /CONTACT: Laurence P. Finnegan Jr. of Fischer & Porter, 215-674-6102/
 (FP) CO: Fischer & Porter Company ST: Pennsylvania IN: SU:


CC-MK -- PH014 -- 9556 09/15/92 10:55 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
Words:197
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