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FEDERAL INDUSTRIES COMPLETES US$100 MILLION DEBT OFFERING

 TORONTO, July 8 /PRNewswire/ -- Federal Industries Ltd. today announced that it has completed its previously announced issue and sale of US$100 million principal amount of 10.25 percent senior notes due 2000 through Citicorp Securities Markets, Inc. and two of its affiliates.
 The company also announced that it has completed definitive agreements with members of its existing banking syndicate for the provision of a revolving committed facility of Cdn.150 million to replace the company's existing demand revolving and letter of credit facilities.
 -0- 7/8/93
 /CONTACT: Michael J. Greene, vice president and chief financial officer of Federal Industries Ltd., 416-675-8200/
 (FIL.)


CO: Federal Industries Ltd. ST: Ontario IN: SU: OFR

MP -- NY040 -- 9432 07/08/93 10:49 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:122
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