DRESSER INDUSTRIES ANNOUNCES REDEMPTION OF DEBENTURES
DRESSER INDUSTRIES ANNOUNCES REDEMPTION OF DEBENTURES DALLAS, Feb. 21 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI)
today announced that it will redeem on April 1, 1992 the entire $61.5 million outstanding principal amount of the company's 9-3/8 percent sinking fund debentures due 2000 and the entire $9.1 million outstanding principal amount of the company's 9-3/8 percent sinking fund debentures due 1995.
Dresser said the redemption price for the debentures due 2000 will be 101.78 percent of the principal amount plus accrued interest. The debentures due 1995 will be redeemed at 100 percent par. Headquartered in Dallas, Dresser is a major supplier of highly engineered products and services primarily utilized in energy-related activities throughout the world. -0- 2/21/92 /CONTACT: Kenneth C. Ruekert of Dresser Industries, 214-740-6757/ (DI) CO: Dresser Industries Inc. ST: Texas IN: OIL SU: SM -- NY051 -- 1459 02/21/92 14:52 EST
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|Date:||Feb 21, 1992|
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