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ARCO CALLS FOR EARLY REDEMPTION OF $150 MILLION OF DEBENTURES

 ARCO CALLS FOR EARLY REDEMPTION OF $150 MILLION OF DEBENTURES
 LOS ANGELES, Sept. 3 /PRNewswire/ -- ARCO (NYSE: ARC) announced today it is calling for early redemption an issue of $150 million 10 1/2 percent debentures due Oct. 15, 1995. The redemption date will be Oct. 15, 1992.
 After-tax interest savings on the issue for the remainder of 1992 will be approximately $2 million. The retirement will result in annual after-tax interest savings of approximately $10 million in 1993 and beyond.
 -0- 9/3/92
 /CONTACT: Albert Greenstein of ARCO, 213-486-3384/
 (ARC) CO: ARCO ST: California IN: OIL SU:


AL-EH -- LA012 -- 6615 09/03/92 16:21 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
Words:108
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