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ALLIANCE CAPITAL MANAGEMENT L.P. COMPLETES PRIVATE PLACEMENT

 ALLIANCE CAPITAL MANAGEMENT L.P. COMPLETES PRIVATE PLACEMENT
 NEW YORK, March 16 /PRNewswire/ -- Alliance Capital Management L.P. (NYSE: AC) today announced it has completed a private placement of $125 million in senior notes with a group of institutional lenders. The proceeds of the senior notes were used to repay all outstanding variable rate borrowings under Alliance Capital's existing bank credit lines and will provide working capital for future growth. Donaldson, Lufkin and Jenrette Securities Corporation acted as exclusive agent on the placement.
 Alliance Capital Management L.P. is a leading international investment adviser, providing investment management services to institutions, primarily pension funds and endowments, and to individual investors through a broad line of mutual funds and cash management products. Alliance Capital's general partner and its majority unitholders are wholly-owned subsidiaries of the Equitable Life Assurance Society of the United States.
 -0- 3/16/92
 /CONTACT: John D. Carifa, chief financial officer of Alliance Capital, 212-969-1000/
 (AC) CO: Alliance Capital Management L.P. ST: New York IN: FIN SU:


GK-OS -- NY063 -- 8404 03/16/92 15:16 EST
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Publication:PR Newswire
Date:Mar 16, 1992
Words:178
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