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TRIANGLE PACIFIC CORP. COMPLETES PUBLIC OFFERING

 DALLAS, Aug. 11 /PRNewswire/ -- Triangle Pacific Corp. (NASDAQ: TRIP) announced the pricing and commencement of simultaneous public offerings of approximately $70 million of common stock and $160 million of 10 year senior notes. The offerings are being underwritten by Donaldson, Lufkin & Jenrette Securities Corporation and Merrill Lynch & Co. The company said it also arranged a new $90 million credit agreement with a bank group headed by The Bank of Nova Scotia and Citicorp.
 Floyd Sherman, chairman and chief executive officer of Triangle Pacific said, "This recapitalization is a major milestone in the company's history."
 Triangle Pacific is a Dallas-based manufacturer of Bruce Hardwood Flooring and various lines of kitchen cabinets.
 A written prospectus can be obtained from Darryl Marchand, secretary and general counsel at 214-931-3000.
 -0- 8/11/93
 /CONTACT: M. Joseph McHugh of Triangle Pacific Corp., 214-931-3000/
 (TRIP)


CO: Triangle Pacific Corp. ST: Texas IN: SU: OFR

SM -- NY031 -- 1574 08/11/93 10:13 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:157
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