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FOXMEYER PLACES $198 MILLION OF SENIOR NOTES, RESTRUCTURES $330 MILLION BANK LOAN AGREEMENT

! DALLAS, April 29 /PRNewswire/ -- FoxMeyer Corporation (NYSE: FOX) has announced the completion of a private placement of $198 million of


senior notes. The notes have a fixed rate of interest of 7.09 percent per year, require principal pre-payments in equal installments at the end of the fifth through 12th years, and have a final maturity in April 2005. The notes were assigned a BBB rating by Duff and Phelps.
 Proceeds from the placement will be used to repay term-loan debt that FoxMeyer incurred with the acquisition of Harris Wholesale Company in May 1992 and to reduce borrowings under its working capital facility. The company's outstanding balance under the working capital facility was $134 million as of March 31, 1993.
 In conjunction with the debt placement, the company also announced that it had amended and restated its working capital facility. The most significant changes were required to conform it with certain provisions of the senior notes, including the release of all collateral, and to extend the loan agreement for an additional year, with the final maturity now on March 31, 1996.
 FoxMeyer is the nation's third largest pharmaceutical distributor, with annual revenues of approximately $4.5 billion. The company serves retail and institutional health care customers in 46 states. In mid-May FoxMeyer expects to report its operating results for the fiscal year ended March 31, 1993.
 -0- 4/29/93
 /CONTACT: J. Warren Henry of FoxMeyer Corporation, 214-446-4270/
 (FOX)


CO: FoxMeyer Corporation ST: Texas IN: SU:

SH -- NY106 -- 2799 04/29/93 15:25 EDT
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Date:Apr 29, 1993
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