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DR PEPPER/SEVEN-UP REDEEMS PREFERRED STOCK AND $173.34 MILLION PRINCIPAL AMOUNT OF 11-1/2 PERCENT SENIOR SUBORDINATED DISCOUNT NOTES DUE 2002

 DALLAS, Feb. 8 /PRNewswire/ -- As contemplated in connection with its initial public offering, Dr Pepper/Seven-Up Companies, Inc. (the "Company") has used a portion of the proceeds of the offering to call for redemption of all its outstanding Senior Exchangeable Preferred Stock, par value $.01 per share (the "Preferred Stock"), and $173.34 million principal amount of its outstanding 11-1/2 percent Senior Subordinated Discount Notes due 2002 (the "Notes"). Notice of the redemptions was sent to the holders of Preferred Stock and the holders of Notes to be redeemed, respectively, on Feb. 2, 1993.
 All 1,999,953 outstanding shares of Preferred Stock will be redeemed on Feb. 12, 1993 at a redemption price of $25.00 per share, plus an amount equal to accrued and unpaid dividends from May 19, 1988 to and including Feb. 12, 1993 of $24.193072 per share, or a total redemption price of $49.193072 per share. The Company will use approximately $98,383,833 of the net proceeds to it from its recently completed initial public offering to effect the redemption of the Preferred Stock.
 The Company will redeem $173,340,000 aggregate principal amount of the Notes on March 3, 1993, at a redemption price of $635.60 per $1,000 principal amount of the Notes, which includes accrued interest from November 1, 1992 through and including March 2, 1993 in the amount of $22.28 per $1,000 principal amount of the Notes. The Company will use approximately $110,174,904 of the net proceeds of the public offering to effect the redemption of the Notes. In accordance with the indenture pursuant to which the Notes were issued, the Trustee selected the Notes to be redeemed by lot.
 -0- 2/8/93
 /CONTACT: Jim Ball, 214-360-7812, or Tom Bayer, 214-360-7817, both of Dr Pepper/Seven-Up Companies, Inc./


CO: Dr Pepper/Seven-Up Companies, Inc. ST: Texas IN: FOD SU:

LR -- NY050 -- 4056 02/08/93 11:22 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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