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GENERAL SIGNAL FILES $100 MILLION CONVERTIBLE SUBORDINATED NOTES

 GENERAL SIGNAL FILES $100 MILLION CONVERTIBLE SUBORDINATED NOTES
 STAMFORD, Conn., May 12 /PRNewswire/ -- General Signal Corporation (NYSE: GSX) announced today that it has a registration statement with the Securities and Exchange Commission covering a proposed public offering of $100,000,000 of convertible subordinated notes due 2002.
 Donaldson, Lufkin & Jenrette Securities Corporation and Lehman Brothers will underwrite the proposed offering.
 The company intends to use a portion of the net proceeds to repay $25,000,000 of commercial paper and money market loans hedged at a rate of 8.94 percent, $21,200,000 of commercial paper and money market loans incurred to redeem $21,100,000 aggregate principal amount of its 8-7/8 percent debentures due 1999, and the premium associated therewith, and $52,800,000 to repay other commercial paper and money market loans, with a weighted average interest rate of 4.36 percent at April 30, 1992, and for general corporate purposes.
 General Signal Corporation, with 1991 sales of $1.62 billion, is a leading manufacturer of equipment and instruments for the process control, electrical, semiconductor and telecommunications industries./
 -0- 5/12/92
 /CONTACT: Nino J. Fernandez of General Signal, 203-357-8800/
 (GSX) CO: General Signal Corporation ST: Connecticut IN: TRN SU:


PS-LR -- NY063 -- 9131 05/12/92 12:23 EDT
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Publication:PR Newswire
Date:May 12, 1992
Words:213
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