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MAXXAM INC., MAXXAM GROUP INC. TO REDEEM NOTES ON NOVEMBER 22, 1991

MAXXAM INC., MAXXAM GROUP INC. TO REDEEM NOTES ON NOVEMBER 22, 1991
 HOUSTON, Nov. 8, /PRNewswire/ -- MAXXAM Inc. (AMEX: MXM) announced today that it will redeem on Nov. 22, 1991, all of its outstanding 14 1/4 percent Senior Subordinated Notes due Aug. 1, 1992, and that its subsidiary, MAXXAM Group Inc., will redeem on Nov. 22, 1991, all of its 13 5/8 percent Senior Subordinated Notes due May 15, 1992. The redemption price for such Notes will be equal to 100 percent of the principal amount together with interest accrued to Nov. 22, 1991.
 Effective Nov. 22, 1991, the notes will become due and payable upon presentation and surrender at the Principal Corporate Trust Office of Manufacturers Hanover Trust Co., Debt Operations, P.O. Box 2862, G.P.O. Station, New York, N.Y. 10116. Delivery by hand may be made to Manufacturers Hanover Trust Co., Street Level Window, 130 John St., New York, N.Y.
 -0- 11/8/91
 /CONTACT: Robert W. Irelan of Maxxam Inc., 713-267-3722/
 (MXM) CO: ST: IN: SU: DB -- SF005 -- 2637 11/08/91 14:28 EST
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Publication:PR Newswire
Date:Nov 8, 1991
Words:184
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