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JOY FILES S-3 FOR UP TO $200 MILLION OF SENIOR UNSECURED NOTES

 PITTSBURGH, July 16 /PRNewswire/ -- Joy Technologies Inc. (NYSE: JOY) today announced the filing of a Form S-3 Registration Statement with the Securities and Exchange Commission for the issuance of up to $200 million of Joy Technologies Inc. Senior Unsecured Notes due 2003. The notes will have a fixed interest rate to be determined at the time of issuance. It is anticipated that the notes will be sold as soon as practicable after the registration statement becomes effective.
 The proceeds of the notes will be used to repay certain indebtedness and for other corporate purposes.
 Morgan Stanley & Co. Incorporated, BT Securities Corporation and Chase Securities, Inc. are the managing underwriters for the issue.
 Joy Technologies Inc. is a leader in the worldwide manufacturing and servicing of mining equipment for extraction of coal and other bedded materials. The company is also a major supplier of air pollution and ash handling equipment used for utilities and other industrial operations.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release 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.
 /delval/
 -0- 7/16/93
 /CONTACT: John F. Moynahan, vice president and treasurer of Joy Technologies, 412-562-4540/
 (JOY)


CO: Joy Technologies Inc. ST: Pennsylvania IN: MNG SU:

CD-KC -- PG007 -- 2500 07/16/93 13:14 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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