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DR PEPPER BOTTLING COMPANY OF TEXAS ANNOUNCES COMMENCEMENT OF TENDER OFFER AND SOLICITATION OF CONSENTS

 DALLAS, Dec. 30 /PRNewswire/ -- Dr Pepper Bottling Company of Texas announced today that it has commenced a tender offer for all its outstanding senior subordinated discount notes due 1998 and related solicitation of consents from holders of its discount notes to proposed amendments to the indenture governing the discount notes. The company is offering to purchase discount notes for a cash purchase price of $1,095 per $1,000 principal amount of discount notes and will make consent payments in cash of $20 per $1,000 principal amount of discount notes as to which consents are delivered on or prior to the expiration of the consent solicitation (for aggregate consideration of $1,115 per $1,000 principal amount of discount notes). The initial expiration date for the tender offer and consent solicitation is 12:00 midnight, New York City time, on Jan. 28, 1993. The dealer manager for the tender offer and consent solicitation is Donaldson, Lufkin & Jenrette Securities Corporation.
 The tender offer and consent solicitation are part of a recapitalization plan being pursued by the company and its parent, Dr Pepper Bottling Holdings, Inc., to reduce the aggregate amount of interest expense and preferred stock dividend requirements.
 Dr Pepper Bottling Company of Texas produces, markets and distributes carbonated soft drinks and markets and distributes other beverages within defined territories pursuant to franchise and distribution agreements. The company's three major franchise and distribution territories are Dallas/Fort Worth, Houston, and Waco, Texas.
 -0- 12/30/92
 /CONTACT: Marvin Montgomery or Holly Lovvorn of Dr Pepper Bottling Company, 214-579-1024, or Mark H. Harnett of MacKenzie Partners, 212-929-5877, for Dr Pepper Bottling Company/


CO: Dr Pepper Bottling Company of Texas ST: Texas IN: FOD SU: OFR

TM-WB -- NY050 -- 0759 12/30/92 18:12 EST
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Publication:PR Newswire
Date:Dec 30, 1992
Words:293
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