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COMMERCIAL INTERTECH COMPLETES REFINANCING PROGRAM

 COMMERCIAL INTERTECH COMPLETES REFINANCING PROGRAM
 YOUNGSTOWN, Ohio, April 16 /PRNewswire/ -- Commercial Intertech


(NYSE: TEC) has successfully completed its refinancing program by issuing $45 million of 8.2 percent senior notes privately placed with a group of insurance companies. As previously stated, proceeds of the notes are being used to redeem the Series C Senior Cumulative Convertible Preferred Shares held by the General Electric Capital Corporation. This refinancing will improve the company's future earnings per share and cash flow.
 Commercial Intertech is a leading manufacturer of hydraulic components, fluid purification products, pre-engineered metal buildings and stamped metal products.
 -0- 4/16/92
 /CONTACT: Philip N. Winkelstern of Commercial Intertech, 216-746-8011/
 (TEC) CO: Commercial Intertech ST: Ohio IN: MAC SU:


LC -- CL018 -- 9485 04/16/92 16:28 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 16, 1992
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