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JORDAN INDUSTRIES EXTENDS CASH TENDER OFFER

 DEERFIELD, Ill., June 29 /PRNewswire/ -- Jordan Industries, Inc. announced today that its cash tender offer for all (but not less than $142,310,000) of the $203,300,000 aggregate principal amount of its outstanding 13 7/8 percent Series A Senior Subordinated Notes due 1998 at a price of $1,080 per $1,000 principal amount, and 16 percent Series B Senior Subordinated Notes, due 1998 at a price of $1,095 per $1,000 principal amount, plus in each case interest accrued through the payment date, and its solicitation of consents to amendments to the related indenture at a price of $7.50 per $1,000 principal amount, which were scheduled to expire at 12:00 midnight, New York City time, today, have been extended. The offer and the consent solicitation will now expire at 5:00 p.m., New York City time, on July 12, 1993, unless further extended.
 The company has been informed by its depositary, First Trust National Association, that as of 5:00 p.m., today, approximately $15,830,000 aggregate principal amount of notes had been tendered.
 Donaldson, Lufkin & Jenrette Securities Corporation and Jeffries & Company, Inc. are acting as dealer-manager for the offer and consent solicitation.
 -0- 6/29/93
 /CONTACT: Thomas H. Quinn, president and chief operating officer of Jordan Industries, Inc., 708-945-5591/


CO: Jordan Industries, Inc. ST: Illinois IN: SU:

TM -- NY093 -- 6933 06/29/93 18:12 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
Words:238
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