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FMC CORPORATION TO REDEEM CONVERTIBLE DEBENTURES

 CHICAGO, July 1 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today announced that on Aug. 9, 1993, it will redeem all of its outstanding 20-year zero coupon senior subordinated convertible debentures, originally due August 2011. The total outstanding principal amount was $168.8 million at June 30, 1993. The debentures will be redeemed at 26.58 percent of the principal amount, which includes accrued original issue discount from Aug. 7, 1991. The company will record an after-tax extraordinary charge of $2.4 million, representing the unamortized fees and expenses associated with the original issuance of the debentures.
 The significant decline in market interest rates since August 1991, combined with Moody's recent credit rating upgrade of FMC's senior debt to investment grade status, provides FMC with other more attractive opportunities to secure lower-cost financing. Initially, FMC's existing revolving credit facility will be used to fund the redemption.
 FMC Corp. is one of the world's leading producers of chemicals and machinery for industry, government and agriculture. The Chicago-based company reported annual sales of $4 billion in 1992, with international sales of more than 100 countries accounting for 45 percent of total annual revenues. The company divides its businesses into five major segments: Industrial Chemicals, Performance Chemicals, Precious Metals, Defense Systems, and Machinery and Equipment.
 -0- 7/1/93
 /CONTACT: Pat Brozowski (media), 312-861-6104, or Lisa Azzarello (investors), 312-861-6921, both of FMC/
 (FMC)


CO: FMC Corporation ST: Illinois IN: CHM SU:

GK -- NY075 -- 7813 07/01/93 14:14 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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