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DOMINION TEXTILE ANNOUNCES PRICING FOR U.S. SECURITIES

 MONTREAL, Oct. 25 /PRNewswire/ -- Dominion Textile Inc. (Montreal, Toronto: DTX) announced today an offering to be made in the United States of US$150 million aggregate principal amount of guaranteed senior notes due 2003. The interest rate on the notes is 8.875 percent and the notes were priced at 99.508 to yield 8.95 percent. The notes are to be issued by a wholly owned subsidiary, Dominion Textile (USA) Inc., and to be unconditionally guaranteed by Dominion Textile Inc. The notes are rated "BB" by Standard and Poor's and "Ba3" by Moody's Investor Services. The underwriters were Goldman, Sachs & Co. and CS First Boston.
 The net proceeds from the offering will be used to refinance certain debt of Dominion Textile (USA) Inc. and for general corporate purposes.
 Dominion Textile Inc., headquartered in Montreal, is a major international manufacturer of textiles and textile-related products, and conducts business activities in some 50 countries worldwide.
 This news release shall 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 qualification under the securities laws of any such state.
 A prospectus relating to the offering of the Securities may be obtained from Colleen Smith, director of communications and investor relations of Dominion Textile Inc., 514-989-6012.
 -0- 10/25/93
 /CONTACT: Colleen Smith, director of communications and investor relations of Dominion Textile Inc., 514-989-6012/
 (DTX.)


CO: Dominion Textile Inc. ST: Quebec IN: TEX SU: OFR

CK -- NY121 -- 6611 10/25/93 18:41 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:269
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