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NATIONAL EDUCATION CORPORATION ANNOUNCES REPAYMENT OF BANK DEBT

 NATIONAL EDUCATION CORPORATION ANNOUNCES REPAYMENT OF BANK DEBT
 IRVINE, Calif., Dec. 30 /PRNewswire/ -- National Education Corp. (NYSE: PSE), the nation's largest training and education company, today announced that it has paid off its outstanding bank debt. The company said that strong cash flow during 1991 has allowed it to accelerate payment of an outstanding term loan in the amount of $21.6 million with its domestic bank group.
 The company added that the elimination of the existing bank facility will provide the company greater flexibility in pursuing strategic opportunities in its training, education and publishing operations.
 -0- 12/30/91
 /CONTACT: Corporate Communications, 714-474-9400/
 (PSE) CO: National Education Corp. ST: California IN: SU:


SE-DM -- LA008 -- 5693 12/30/91 14:56 EST
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Publication:PR Newswire
Date:Dec 30, 1991
Words:122
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