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ARCADIAN PARTNERS, L.P. AND SUBSIDIARY COMPLETE DEBT EXCHANGE OFFER

 MEMPHIS, Tenn., July 22 /PRNewswire/ -- Arcadian Partners, L.P. (NYSE: UAN), and its wholly owned subsidiary, Arcadian Partners Finance Corporation, announced that they have accepted tenders of all of their $340 million aggregate principal amount of 10 3/4 percent Series A Senior Notes due 2005 ("Series A Notes") to be exchanged for a like principal amount of their 10 3/4 percent Series B Senior Notes due 2005 ("Series B Notes"). The Series B Notes are identical to the Series A Notes, except that the Series B Notes have been registered under the Securities Act of 1933. The exchange offer expired by its terms at 4 p.m. (New York City time) on July 20, 1993, and the issuers accepted the tenders of all Series A Notes on July 21, 1993. Certificates evidencing the Series B Notes will be issued within the next few days, effective as of July 21, 1993.
 Kidder, Peabody & Co. Incorporated acted as agent in the original placement of the Series A Notes.
 Arcadian Partners L.P. is a leading United States producer and worldwide marketer of nitrogen-based fertilizers and related products.
 -0- 7/22/93
 /CONTACT: Gwaine W. Ton, Director of Investor Relations and Financial Services, Arcadian Partners, L.P., 901-758-5366/
 (UAN)


CO: Arcadian Partners, L.P. ST: Tennessee IN: CHM SU: OFR

CM -- CH019 -- 4796 07/22/93 17:09 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:228
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