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IMCERA FILES $250 MILLION SHELF REGISTRATION WITH SEC

 IMCERA FILES $250 MILLION SHELF REGISTRATION WITH SEC
 NORTHBROOK, Ill., April 9 /PRNewswire/ -- IMCERA Group Inc. (NYSE: IMA) announced today that on April 8, it filed a shelf registration statement with the Securities and Exchange Commission for $250 million of debt securities, all on terms to be determined at the times of the actual offerings for sale. No definitive dates for any such offerings have yet been set.
 Underwriters could be led by Goldman, Sachs & Co. and/or Merrill, Lynch, Pierce, Fenner & Smith Incorporated. Net proceeds from the sale of any debt securities would be used for general corporate purposes, except as noted in any prospectus supplement.
 "This is not based on an immediate need for cash," said A. Jacqueline Dout, IMCERA vice president and treasurer. "We have significantly deleveraged the company during the past 12 months and now we want to increase our financial flexibility while today's low interest rate environment continues."
 On April 1, IMCERA redeemed its 9.35 percent sinking fund debentures dated Nov. 1, 1975, and due Nov. 1, 2000, for approximately $53 million cash. Approximately $264 million of noncurrent debt is currently outstanding.
 The registration statement has not yet become effective and the securities referred to therein may not be sold or offers to buy be accepted prior to the time the registration statement becomes effective. This announcement 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.
 A Fortune 250 company with net sales of more than $1.6 billion in fiscal 1991, IMCERA provides human and animal health care products and specialty chemicals through its three international, technology-based businesses--Mallinckrodt Medical, St. Louis; Mallinckrodt Specialty Chemicals, Chesterfield, Mo.; and Pitman-Moore, Lake Forest, Ill.
 -0- 4/9/92
 /CONTACT: Tura Cottingham, 708-205-2286, or Dave Prichard, 708-205-2270, both of IMCERA Group/
 (IMA) CO: IMCERA Group Inc. ST: Illinois IN: CHM SU:


SH-OS -- NY023 -- 6647 04/09/92 09:56 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
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