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ANACOMP, INC. ANNOUNCES CONSENT SOLICITATION

 ATLANTA, March 1 /PRNewswire/ -- Anacomp, Inc. (NYSE: AAC) announced today that it is seeking consents from the holders of its 15 percent Senior Subordinated Notes due 2000 (the "Notes") to amend certain provisions in the Indenture governing the Notes.
 The purpose of the consent solicitation is to permit the company to reduce its interest costs by redeeming certain high coupon debt, reduce its tax expense by borrowing a portion of its senior debt overseas, and increase its financial flexibility.
 "Our strong debt repayment since the company's refinancing in 1990 and improved financial condition make this an appropriate time to make certain positive adjustments to our capital structure," said Louis P. Ferraro, chairman and chief executive officer.
 Anacomp is also seeking related consents from its senior creditors and has received commitments from its existing bank group for a new multicurrency revolving credit facility.
 Anacomp has retained Smith Barney, Harris Upham & Co., Incorporated as its financial advisor in connection with the consent solicitation.
 Anacomp is a leading full-service provider of micrographics services, systems and supplies, with more than 15,000 customers in North and South America, Europe and the Pacific Rim.
 -0- 3/1/93
 /CONTACT: Nancy Vandeventer, investor relations manager of Anacomp, 317-844-9666/
 (AAC)


CO: Anacomp, Inc. ST: Georgia IN: SU:

BR-RA -- AT001 -- 1217 03/01/93 08:45 EST
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Publication:PR Newswire
Date:Mar 1, 1993
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