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PLASTIC CONTAINERS FILES $100 MILLION DEBT ISSUE

 PLASTIC CONTAINERS FILES $100 MILLION DEBT ISSUE
 SYOSSET, N.Y., March 9 /PRNewswire/ -- Plastic Containers, Inc. has


filed a registration statement with the Securities and Exchange Commission for a public offering of $100 million of senior secured notes due 2001. Citicorp Securities Markets, Inc. will underwrite the offering.
 The proceeds will be used to refinance $100.0 million of debt incurred to acquire, on Nov. 21, 1991, all of the capital stock of the Continental Plastic Container Companies for $150.45 million from Continental Holdings Inc., a wholly owned subsidiary of Peter Kiewit Sons' Inc.
 Plastic Containers, Inc. is a leader in developing, manufacturing and selling extrusion blow-molded plastic containers. The company is co-owned by Viatech, Inc. (AMEX: VTK), and Merrywood, Inc., each of which owns 50 percent.
 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.
 -0- 3/9/92
 /CONTACT: Abdo Yazgi, executive vice president of Plastic Containers, 516-822-4940/
 (VTK) CO: Plastic Containers, Inc. ST: New York IN: SU: OFR


PS-AH -- NY004 -- 6196 03/09/92 08:01 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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