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BAROID CORPORATION FILES REGISTRATION STATEMENT FOR OFFERING OF NOTES

 HOUSTON, March 29 /PRNewswire/ -- Baroid Corporation (NYSE: BRC) announced today that it has filed a registration statement with the Securities and Exchange Commission in connection with a proposed public offering of $125,000,000 principal amount of senior notes due 2003.
 The net proceeds from the offering will be used to pay a portion of outstanding bank indebtedness. Subject to compliance with applicable securities laws, Baroid intends to offer the notes, only pursuant to a prospectus, in an underwritten public offering through Salomon Brothers Inc., Lehman Brothers, and Chase Securities, Inc. beginning in April 1993.
 The registration statement relating to the notes has not yet become effective. The notes may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 A prospectus may be obtained by contacting:
 Salomon Brothers Inc
 7 World Trade Center
 New York, N.Y. 10048
 Baroid Corporation is a worldwide supplier of petroleum services and equipment.
 -0- 3/29/93
 /CONTACT: Robert P. Wallace of Baroid Corporation, 713-987-5186/
 (BRC)


CO: Baroid Corporation ST: Texas IN: OIL SU: OFR

WB-AH -- NY094 -- 0672 03/29/93 16:23 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 29, 1993
Words:242
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