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DOSKOCIL RESTRUCTURES DEBT; ISSUES $110 MILLION IN NOTES AND ENTERS INTO NEW $40 MILLION REVOLVING CREDIT FACILITY

 HUTCHINSON, Kan., April 28 /PRNewswire/ -- Doskocil Companies Incorporated (NASDAQ: DOSK), announced today that it had completed the issuance of $110 million principal amount of 9-3/4 percent senior subordinated notes due in the year 2000. Additionally, the company closed on a new $40 million secured revolving working capital facility led by Chemical Bank. These financings, in conjunction with the $30 million equity investment made by Joseph, Littlejohn & Levy Fund, L.P., in March of this year, complete the company's financial restructuring.
 Theodore A Myers, senior vice president and chief financial officer, stated, "That as a result of these transactions, Doskocil has repaid all amounts outstanding and has extinguished all obligations under its $150 million secured credit facility entered into in October 1991. This represents the final step in the company's financial restructuring, and provides increased cash and borrowing capacity to invest in its businesses and allow for the future growth of the company."
 Doskocil Companies Incorporated specializes in processing and marketing pepperoni, beef and pork toppings to the pizza industry, and boneless hams, sausage, bacon, and other branded and processed meat products for the foodservice, delicatessen and retail markets.
 -0- 4/28/93
 /CONTACT: Theodore A. Myers, senior vice president and chief financial officer of Doskocil Companies Incorporated, 316-663-1005; Desmond Towey and Bernadette McLaughlin of Desmond Towey & Associates, 212-888-7600, all for Doskocil/
 (DOSK)


CO: Doskocil Companies Incorporated ST: Kansas IN: FOD SU:

SH -- NY090 -- 2158 04/28/93 14:39 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:241
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