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FMC INCREASES FINANCIAL FLEXIBILITY WITH NEW $700 MILLION REVOLVING CREDIT AGREEMENT

 FMC INCREASES FINANCIAL FLEXIBILITY
 WITH NEW $700 MILLION REVOLVING CREDIT AGREEMENT
 CHICAGO, Aug. 25 /PRNewswire/ -- FMC Corp. (NYSE: FMC) today announced that it has completed a $700 million, five-year, non- amortizing revolving credit agreement with 22 banks, agented by Morgan Guaranty Trust Company of New York. This new agreement will replace the company's existing credit agreement dated June 22, 1987, which had a committed amount of $583 million and a maturity date of May 31, 1994.
 According to Frank A. Riddick III, FMC's treasurer: "The new credit agreement will provide FMC with the financial flexibility to meet our strategic objectives and business needs over the foreseeable future. The agreement also reflects our strong credit standing and the continuing confidence that our banks have in the company."
 FMC Corp. is one of the world's leading producers of chemicals and machinery for industry, government and agriculture. The Chicago-based company reported annual sales of $3.9 billion in 1991, with international sales to more than 100 countries accounting for 43 percent of total annual revenues. FMC employs 23,000 people at 95 manufacturing facilities and mines in 18 countries. The company divides its businesses into five major segments: Industrial Chemicals, Performance Chemicals, Precious Metals, Defense Systems, and Machinery and Equipment.
 -0- 8/25/92
 /CONTACT: Pat Brozowski, 312-861-6678, or Chuck Thomas, 312-861-6104, both of FMC/
 (FMC) CO: FMC Corp. ST: Illinois IN: CHM SU: FNC


SH -- NY029 -- 3018 08/25/92 11:57 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
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