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OHM COMPLETES PUBLIC OFFERING OF 3,000,000 SHARES OF COMMON STOCK

 FINDLAY, Ohio, Dec. 10 /PRNewswire/ -- OHM Corporation (NYSE: OHM), a leading on-site hazardous waste remediation services firm, today announced it has completed the public offering of 3,000,000 shares of its common stock at $11.00 per share. Net proceeds to the company will be used to repay certain revolving credit indebtedness, which may be reborrowed for general corporate purposes and to finance the company's future growth. Subsequent to completion of the offering, excluding exercise of the underwriter's overallotment option, the company will have 15,071,560 shares of Common Stock outstanding.
 The public offering was co-managed by Lehman Brothers and Alex. Brown who will commence research coverage of the company.
 With nearly 25 years experience and the successful completion of more than 16,000 projects, OHM is a leading nationwide environmental remediation firm and a major emergency response contractor. The company provides a broad range of physical, chemical, biological and thermal treatment technologies to clean up hazardous waste through its 25 locations in the United States. OHM provides its services to a diverse client base in the private sector including petroleum, chemical, transportation, and general manufacturing firms as well as the public sector including the U.S. Army Corps of Engineers, the U.S. Department of the Air Force, the U.S. Department of the Navy, the U.S. EPA, and at U.S. Department of Energy Facilities.
 -0- 12/10/93
 /CONTACT: Sam Iapalucci, financial, 419-424-4924; Pamela K. M. Beall, financial, 419-425-6002; or Cheryl Rectorschek, media, 419-424-4929, all of OHM Corporation/
 (OHM)


CO: OHM Corporation ST: Ohio IN: ENV SU: OFR

AR-KL -- CL011 -- 2637 12/10/93 12:36 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:273
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