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ASTRONICS CORPORATION ANNOUNCES REDEMPTION OF SUBORDINATED DEBT

 ORCHARD PARK, N.Y., March 26 /PRNewswire/ -- Astronics Corporation (NASDAQ: ATRO) today announced that on April 30, 1993 it will redeem all its outstanding Series 10-1/4 percent Subordinated Debentures due Sept. 1, 1996, originally issued in September 1986, at a price of 101 percent plus accrued interest. The total principal amount of the outstanding debentures is approximately $8,700,000. Pursuant to the terms of the indenture under which the debentures were issued, the debentures may be redeemed from time to time at the company's option. The redemption price, financed by a 5-year bank loan, will be paid on April 30, 1993 against the surrender of the debentures.
 -0- 3/26/93
 /CONTACT: John M. Yessa, vice president-finance, Astronics Corporation, 716-662-6640, ext. 22/
 (ATRO)


CO: Astronics Corporation ST: New York IN: SU:

BM -- CL004 -- 9961 03/26/93 09:28 EST
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Publication:PR Newswire
Date:Mar 26, 1993
Words:142
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