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AMAX CALLS $100 MILLION SUBORDINATED NOTES

 AMAX CALLS $100 MILLION SUBORDINATED NOTES
 NEW YORK, Dec. 13 /PRNewswire/ -- AMAX Inc. (NYSE: AMX) announced


today it has exercised its option to redeem its 9.23 percent subordinated notes due April 15, 1995. The notes, which are listed on the New York Stock Exchange, will be redeemed on Jan. 15, 1992 at 100 percent of the principal amount. Interest on the notes will cease to accrue on the redemption date, and interest due Jan. 15, 1992 will be paid in the usual manner. Redemption of the notes will be funded from the company's existing credit lines. Holders of the notes will be advised by mail to deliver their securities to the trustee, IBJ Schroder Bank & Trust Company, One State St., New York, N.Y. 10004.
 -0- 12/13/91
 /CONTACT: Jerry Cooper of AMAX, 212-856-5982/
 (AMX) CO: AMAX Inc. ST: New York IN: MNG SU:


JT -- NY031 -- 2363 12/13/91 12:28 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 13, 1991
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