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DR PEPPER/SEVEN-UP COMPANIES, INC. TO REFINANCE SENIOR DEBT

 DALLAS, Dec. 1 /PRNewswire/-- Dr Pepper/Seven-Up Companies, Inc. (NYSE: DPS) today said that it plans to reduce the pricing of its senior debt by approximately 150 basis points by raising a new senior secured credit facility in the amount of $625 million. The new credit facility will consist of a $125 million, five-year revolving credit facility and a $500 million, five-year amortizing term loan facility. Proceeds will be used to refinance the company's existing senior debt.
 The new credit facility is expected to be finalized in mid-December and will be structured substantially the same as the company's existing bank facility. The existing bank facility was established last year at $875 million, but significant reductions to the credit resulted from the company's operating cash flow and proceeds of the company's initial public offering last January.
 Dr Pepper/Seven-Up Companies, Inc. is the third largest producer of soft drink concentrates in the United States. The company began trading on the New York Stock Exchange Jan. 27, 1993 under the symbol DPS. Through its operating subsidiary, Dr Pepper/Seven-Up Corporation, the company manufactures, sells and distributes soft drink extracts, concentrates and fountain syrups. DR PEPPER, formulated in 1885, is the oldest nationally distributed soft drink brand. 7UP has been a market leader in the lemon-lime category of the soft drink industry for more than 60 years.
 -0- 12/1/93
 /CONTACT: Tom Bayer of Dr Pepper/Seven-Up Companies, Inc., 214-360-7817/
 (DPS)


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

GK-SP -- NY054 -- 9226 12/01/93 11:35 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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