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ORANGE-CO, INC. ANNOUNCES INTEREST RATE REDUCTION AND TERM EXTENSION ON WORKING CAPITAL LOAN AGREEMENT

 ORANGE-CO, INC. ANNOUNCES INTEREST RATE REDUCTION AND TERM EXTENSION
 ON WORKING CAPITAL LOAN AGREEMENT
 BARTOW, Fla., Dec. 23 /PRNewswire/ -- Orange-co, Inc. (NYSE: OJ) announced today that it has agreed with Congress Financial Corporation, the lender under its working capital loan facility, to an extension of the termination date to Jan. 29, 1994, from Jan. 29, 1993. The interest rate charged under this facility was also reduced by one-half of one percent.
 Orange-co is a grower and processor of citrus products and a packager and distributor of a growing number of beverage products principally to institutional food service companies.
 -0- 12/23/91
 /CONTACT: Dale A. Bruwelheide, vice president and chief financial officer, Orange-co, Inc., 813-533-0551/
 (OJ) CO: Orange-co, Inc. ST: Florida IN: FOD SU:


KK -- DE008 -- 4852 12/23/91 13:01 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:133
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