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BURLINGTON DEBT TENDER OFFERS AND CONSENT SOLICITATIONS EXTENDED

 BURLINGTON DEBT TENDER OFFERS AND CONSENT SOLICITATIONS EXTENDED
 GREENSBORO, N.C., Feb. 26 /PRNewswire/ -- Burlington Industries Equity Inc. announced today that the tender offers and consent solicitations for outstanding public debt securities of Burlington Holdings Inc. and Burlington Industries Capital Inc. have been extended.
 The company said that, based on a preliminary count by the depositary, $156.8 million principal amount of 13.875 percent Series B Senior Subordinated Notes Due 1996 of Holdings (approximately 75.1 percent of the principal amount outstanding), $86.9 million principal amount of 14.25 percent Subordinated Debentures Due 1999 of Holdings (approximately 93.5 percent of the principal amount outstanding), $198.6 million principal amount of Series B Junior Subordinated Discount Debentures Due 2003 of Holdings (approximately 92.5 percent of the principal amount outstanding) and $109.0 million principal amount of 16.875 percent Senior Discount Debentures Due 2004 of Capital (approximately 99.9 percent of the principal amount outstanding) were tendered pursuant to the tender offers and consent solicitations as of Midnight, Feb. 25, 1992.
 The consent solicitations for the outstanding 13.875 percent Series B Senior Subordinated Notes, 14.25 percent Subordinated Debentures and Series B Junior Subordinated Discount Debentures of Holdings and for the outstanding 16.875 percent Senior Discount Debentures of Capital have been extended and will expire at Midnight, New York City time, on Wednesday, Feb. 26, 1992, unless further extended.
 The tender offers to purchase all the outstanding 13.875 percent Series B Senior Subordinated Notes, 14.25 percent Subordinated Debentures and Series B Junior Subordinated Discount Debentures of Holdings and any and all of the outstanding 16.875 percent Senior Discount Debentures of Capital have been extended and will expire at Midnight, New York City time, on Tuesday, March 3, 1992, unless further extended. The tender offers will be further extended from time to time pending satisfaction of the financing condition with respect to such tender offers.
 -0- 2/26/92
 /CONTACT: Bryant Haskins of Burlington Industries, 919-379-2512, or Tom Daly of Kekst & Co., 212-593-2655, for Burlington Industries/ CO: Burlington Industries Equity Inc.; Burlington Holdings Inc.;
 Burlington Industries Capital Inc. ST: North Carolina IN: TEX SU: OFR


CM -- CH002 -- 2651 02/26/92 08:56 EST
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Publication:PR Newswire
Date:Feb 26, 1992
Words:371
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