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REXENE RESCHEDULES DISCLOSURE STATEMENT HEARING

 REXENE RESCHEDULES DISCLOSURE STATEMENT HEARING
 DALLAS, April 6 /PRNewswire/ -- Rexene Corporation (NYSE: RXN)


announced today that it is rescheduling a Bankruptcy Court hearing to approve the disclosure statement from April 6 to late April 1992. The company also stated that it is continuing to work closely with its official committee of unsecured creditors to implement the agreement-in- principle it reached with its unofficial noteholders' committee last fall. The rescheduling will enable the company and the official committee to finalize the documentation related to the agreement-in- principle and complete due diligence.
 Rexene Corporation, through its principal operating subsidiary, Rexene Products Company, manufactures thermoplastic resins and petrochemical products including polyethylene and polypropylene resins and plastic film. Rexene, headquartered in Dallas, operates manufacturing facilities in Texas, Wisconsin, Georgia, Delaware and Utah.
 -0- 4/6/92
 /CONTACT: Neil J. Devroy of Rexene Corporation, 214-450-9101/
 (RXN) CO: Rexene Corporation ST: Texas IN: OIL SU:


TQ -- NY046 -- 5330 04/06/92 11:51 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
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