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PRIMERICA SUBSIDIARY TO REDEEM 4-1/2 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2002

 PRIMERICA SUBSIDIARY TO REDEEM 4-1/2 PERCENT
 CONVERTIBLE SUBORDINATED DEBENTURES DUE 2002
 NEW YORK, Feb. 4 /PRNewswire/ -- Primerica Life Insurance Company, an indirect wholly owned subsidiary of Primerica Corporation (NYSE: PA), announced today the redemption of its 4-1/2 percent convertible subordinated debentures Due 2002. As of Feb. 3, 1992, $62.914 million principal amount of the debentures were outstanding.
 The debentures will be redeemed, in accordance with their terms, on March 5, 1992 at the price of $1,019.38 in cash per $1,000 of principal amount. The redemption price represents the principal value plus $19.38 in interest accrued from Sept. 30, 1991 to the redemption date. Until the close of business on the fifth day prior to the redemption date, each $1,000 of principal amount may be converted into 34.710 shares of common stock of Primerica Corporation at the current conversion price of $28.81 per share.
 The Paying and Conversion Agents for the redemption are The Chase Manhattan Bank, N.A.(London, England; Luxembourg; Geneva, Switzerland),and Banque Bruxelles Lambert S.A. (Brussels, Belgium).
 -0- 2/4/92
 /CONTACT: Mary McDermott, 212-891-8870, or Avery Hunt, 212-891- 8871, both of Primerica/
 (PA) CO: Primerica Corporation; Primerica Life Insurance Company ST: New York IN: INS SU:


TS -- NY018 -- 6536 02/04/92 09:19 EST
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Publication:PR Newswire
Date:Feb 4, 1992
Words:220
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