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DR PEPPER COMPANY ANNOUNCES EXTENSIONS OF TENDER OFFERS

 DR PEPPER COMPANY ANNOUNCES EXTENSIONS OF TENDER OFFERS
 DALLAS, Oct. 20 /PRNewswire/ -- Dr Pepper Company today announced that it has extended the expiration date of its pending offers for its 11-1/2 percent guaranteed senior secured notes due 1996 and $1.375 senior exchangeable preferred stock to 5:00 p.m., New York City time, on Tuesday, Oct. 20, 1992.
 Each of the offers, which originally commenced on Sept. 21, 1992, was scheduled to expire at midnight, New York City time, on Monday, Oct. 19, 1992, unless extended.
 As a result of the extensions, security holders will be entitled to tender their securities pursuant to the offers until 5:00 p.m., New York City time, on Tuesday, Oct. 20, 1992. The extension does not amend or waive any term or condition of any of the offers other than the time of expiration.
 The company also announced that, with the consent of a majority of holders, the company has executed the amendment to the indenture for the Dr Pepper senior notes previously subject to the company's consent solicitation.
 Under the terms of Dr Pepper senior note offer, withdrawal rights for Dr Pepper Senior Notes have now terminated, and holders may no longer withdraw tendered Dr Pepper senior notes. Also, holders tendering today or later are not entitled to consent payments.
 As of Oct. 19, 1992, approximately $129,766,000 aggregate principal amount of the 11-1/2 percent guaranteed senior secured notes due 1996 had been tendered for purchase and not withdrawn, including approximately $3,710,000 aggregate principal amount tendered pursuant to Notices of Guaranteed Delivery. Approximately 3,723,526 shares of $1.375 senior exchangeable preferred stock had been tendered for purchase and not withdrawn, including 67,550 shares tendered pursuant to Notices of Guaranteed Delivery.
 Pricing and other information regarding the offers may be obtained from Georgeson & Company, Inc., the company's information agent for the offers.
 -0- 10/20/92
 /CONTACT: Jim Ball, 214-360-7812, or Tom Bayer, 214-360-7817, both of Dr Pepper Company/ CO: Dr Pepper Company ST: Texas IN: FOD SU:


AH -- NY034 -- 2084 10/20/92 09:54 EDT
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Publication:PR Newswire
Date:Oct 20, 1992
Words:353
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