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KENNAMETAL ANNOUNCES FILING OF REGISTRATION STATEMENT FOR 1,715,000 SHARES OF COMMON STOCK

 LATROBE, Pa., Oct. 28 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed public offerings by Kennametal of up to 1,715,000 shares of common stock in the United States and abroad.
 The planned offerings, which will be made only by prospectus, will consist solely of primary shares with 1,372,000 shares to be offered in the United States and 343,000 shares to be offered in a concurrent international offering outside the United States. The company has granted the underwriters an over-allotment option for 30 days to purchase up to an additional 257,250 shares of common stock. Goldman, Sachs & Co. will lead manage the offering, with Merrill Lynch & Co. acting as co-manager. Goldman Sachs International Limited will lead manage the international offering, with Merrill Lynch International Limited acting as co-manager of the international offering.
 The offerings represent new financing for the company and the company intends to use the net proceeds from sale of its shares to repay indebtedness incurred in the recent acquisition of Hertel AG, a major German manufacturer and distributor of tools, tooling systems and supplies for the European metalworking industry, and for general corporate purposes.
 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 offers, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. A copy of the prospectus may be obtained by contacting David T. Cofer, corporate secretary, Kennametal Inc., P.O. Box 231, Latrobe, PA 15650.
 -0- 10/28/93
 /CONTACT: Michael J. Mussog of Kennametal, 412-539-4617/
 (KMT)


CO: Kennametal Inc. ST: Pennsylvania IN: MNG SU:

KC -- PG013 -- 7915 10/28/93 12:22 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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