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CATALINA LIGHTING ANNOUNCES LONG TERM CREDIT FACILITY

 MIAMI, May 19 /PRNewswire/ -- Catalina Lighting, Inc. (AMEX: LTG) and its banks have agreed to a two-year extension of the company's current $50 million credit facility which became effective April 30, 1993. The new agreement includes lower interest rates and a LIBOR option. The banking group will continue to include SunBank, PNC Commercial Corp. and National Canada Finance Corp. (an affiliate of National Bank of Canada.)
 "Catalina has reduced the outstanding borrowings under its bank credit lines to $13.2 million at May 19, 1993, from $22.6 million at the end of fiscal year 1992," commented Robert Hersh, the company's chairman and chief executive officer. "This extension of our credit agreement provides us with the financial flexibility to support future growth, as Catalina adds new accounts and as current customers increase their operations."
 Catalina Lighting, Inc. is a premier supplier of high-quality affordably priced residential and office lighting products, which are manufactured by independent suppliers in the Far East. The company's customers primarily include leading home center and office superstore chains, membership warehouse clubs, mass merchandisers, hardware stores, and lighting showrooms. Catalina is headquartered in Miami, and has warehouse/distribution facilities in Texas, California, Massachusetts and Canada. Its shares are traded on the American


Stock Exchange under the ticker symbol "LTG".
 -0- 5/19/93
 /CONTACT: Dean Rappaport, chief financial officer of Catalina Lighting, 305-558-4777; or R. Jerry Falkner, CFA, investor relations counsel for Catalina Lighting, 800-377-9893/
 (LTG)


CO: Catalina Lighting, Inc. ST: Florida IN: HOU SU:

AW -- FL011 -- 0378 05/19/93 14:55 EDT
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Publication:PR Newswire
Date:May 19, 1993
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