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ARCO CHEMICAL ANNOUNCES REDEMPTION OF 9.35 PERCENT DEBENTURES DUE 2019

 NEWTOWN SQUARE, Pa., Oct. 28 /PRNewswire/ -- ARCO Chemical Company (NYSE: RCM) announced today it will redeem all of its outstanding 9.35 percent Debentures due 2019 on Dec. 1, 1993, in accordance with the provisions of the Debentures, at a redemption price of 107.48 percent of principal amount plus interest accrued to the redemption date.
 The Bank of New York, the trustee for the Debentures, will be the redemption and paying agent. The principal amount to be redeemed represents the original $125 million issue less amounts repurchased in the open market. The company will take a fourth quarter 1993 pretax loss on early extinguishment of debt of approximately $13 million, primarily due to repurchase and redemption premiums and write-off of original issue discount.
 /delval/
 -0- 10/28/93
 /CONTACT: Gerald T. Davis, media relations, 215-359-3198, or Marcia H. Gesser, investor relations, 215-359-3382, of ARCO Chemical/
 (RCM)


CO: ARCO Chemical Company ST: Pennsylvania IN: CHM SU:

LJ -- PH049 -- 8187 10/28/93 17:20 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:165
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