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ZENITH RAISES $42 MILLION IN SALE OF DEBENTURES TO INSTITUTIONAL INVESTORS

 GLENVIEW, Ill., Nov. 22 -- Zenith Electronics Corp. has sold $42 million of 8.5 percent senior subordinated convertible debentures in a private transaction to institutional investors (under Securities Act Rule 144A), the consumer electronics and cable products firm announced today.
 The debentures, due Nov. 19, 2000, are convertible into Zenith common stock at a conversion price of $9.76 per share. Proceeds from the sale are intended to be used to redeem the company's 12-1/8 percent notes. (The principal amount currently outstanding of the 12-1/8 percent notes due Jan. 15, 1995 is $34.5 million.)
 Zenith expects to use the remainder of the proceeds to increase the cash resources available to the company.
 -0- 11/22/93
 /CONTACT: John Taylor 708-391-8181 (media) or Bill McNitt (investor) 708-391-7713, both of Zenith Electronics/
 (ZE)


CO: Zenith Electronics Corp. ST: Illinois IN: CPR SU:

LG -- NY022 -- 6709 11/22/93 09:32 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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