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DRESSER INDUSTRIES, INC. ANNOUNCES CLOSING OF DEBT OFFERING

 DALLAS, June 16 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI), today announced the closing of the public offering of $300 million of 6.25 percent notes due June 1, 2000. Merrill Lynch & Co., Dillon, Read & Co., Inc., and Goldman, Sachs & Co. were the underwriters of the issue.
 The net proceeds from this transaction will be used to replace short-term commercial paper which had been used to finance recent acquisitions.
 Headquartered in Dallas, Dresser is a leading supplier of highly engineered products and services utilized in hydrocarbon energy - related activities throughout the world.
 -0- 6/16/93
 /CONTACT: Donald R. Galletly of Dresser, 214-740-6757/
 (DI)


CO: Dresser Industries, Inc. ST: Texas IN: SU: OFR

GK -- NY051 -- 2643 06/16/93 13:14 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 16, 1993
Words:121
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