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ENRON FILES SENIOR SUBORDINATED DEBT SHELF REGISTRATION FOR UP TO $700 MILLION IN DEBT SECURITIES

 ENRON FILES SENIOR SUBORDINATED DEBT SHELF REGISTRATION
 FOR UP TO $700 MILLION IN DEBT SECURITIES
 HOUSTON, March 18 /PRNewswire/ -- Enron Corp. (NYSE: ENE) today said it has filed a shelf registration statement with the Securities and Exchange Commission for potentially offering up to $700 million in senior subordinated debt securities.
 The net proceeds from the offerings will be used to retire existing indebtedness and for general corporate purposes. It is currently Enron's intention, upon completion of this offering, to retire the current series of senior subordinated debentures, which are currently callable, totaling $599,390,000. The debentures have an interest rate of 10.625 percent. Enron anticipates a significant savings in future interest expense resulting from this retirement.
 After the registration statement becomes effective, Enron may offer debt securities from time to time in varying series, amounts and terms, up to a maximum of $700 million. Terms would be set at the time of offerings and would be determined in light of market conditions and other factors.
 Enron Corp., America's leading natural gas company with more than $13 billion in revenues and $10 billion in assets, operates the nation's largest natural gas transmission system, markets natural gas, gas liquids, crude oil and refined products nationally and worldwide; owns 84 percent of Enron Oil & Gas Company, one of the country's largest independent (non-integrated) natural gas exploration and production companies; is one of the largest independent developers and producers of electricity in the United States and the United Kingdom, with extensive experience in combined heat and power installations; and is a leading non-regulated purchaser and marketer of long-term natural gas commitments.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/18/92
 /CONTACT: Diane Bazelides, 713-853-6285, or E. P. Segner, 713-853-5299, both of Enron/
 (ENE) CO: Enron Corp. ST: Texas IN: OIL SU: OFR


GK -- NY056 -- 9270 03/18/92 13:18 EST
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Publication:PR Newswire
Date:Mar 18, 1992
Words:400
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