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BALDWIN REACHES AGREEMENT WITH LENDERS

 BALDWIN REACHES AGREEMENT WITH LENDERS
 ROWAYTON, Conn., Aug. 21 /PRNewswire/ -- Baldwin Technology Company,


Inc. (NYSE: BLD) announced today that it has reached a favorable agreement with a syndicate of seven banks to a mend the credit agreement entered into in Sept. 1990 to finance the acquisition of Misomex.
 The company disclosed that the agreement lengthens the amortization schedule of the debt and substantially reduces its short-term cash requirements by extending payments of principal and interest through June of 1997. The agreement also restates certain covenants previously in effect, including adjustment of financial ratios required to be maintained by the company. Kenneth W. Reynolds, chief financial officer, stated, "the company is pleased with the new agreement, which significantly improves our overall liquidity." He added, "we have met all of our payment obligations under the previous arrangement and have reduced our overall debt position on schedule; now we have effectively improved our short-term debt position."
 Baldwin Technology Company, Inc. is listed on the American Stock Exchange and is a leading multinational manufacturer of material handling, accessory, control and pre-press equipment for the printing industry. The company expects to report its results for the fiscal year ended June 30, 1992 later this month.
 -0- 8/21/92
 /CONTACT: Helen P. Oster of Baldwin Technology Company, Inc., 203-866-3497/
 (BLD) CO: Baldwin Technology Company, Inc. ST: Connecticut IN: SU:


LD -- NY070 -- 2292 08/21/92 17:07 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
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