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DEL WEBB CORP. FILES SHELF REGISTRATION STATEMENT FOR SENIOR SUBORDINATED DEBT

 PHOENIX, Sept. 14 /PRNewsire/ -- Del Webb Corp. (NYSE:WBB) filed today with the Securities and Exchange Commission a shelf registration statement covering up to $50 million of its Senior Subordinated Debt Securities, which the company may offer from time to time in the future. The interest rate, maturity date and other principal terms of the Debt Securities will be established at the time of their sale. The company may offer the Debt Securities through underwriters to be named in the future, through agents or otherwise.
 The net proceeds of any offering will be used to reduce any outstanding balances under revolving credit facilities, to fund land acquisitions and development of new projects and for general corporate purposes.
 Del Webb Corp. is one of the nation's leading developers of active adult communities with projects in the Phoenix and Tucson, Ariz., Las Vegas and Palm Springs, Calif., metropolitan areas.
 A registration statement relating to the Debt Securities has been filed with the Securities and Exchange Commission but has not yet become effective. The Securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release will not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities 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.
 -0- 9/14/93
 /CONTACT: Ken Plonski (office), 602-808-8171, or (home) 602-972-1210/
 (WBB)


CO: Del Webb Corp. ST: Arizona IN: CST SU:

LM-JB -- SD006 -- 1954 09/14/93 17:14 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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