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PRIMARK ANNOUNCES REFINANCING

 MCLEAN, Va., Oct. 8 /PRNewswire/ -- Primark Corporation (NYSE: PMK; PSE) announced that the registration statement relating to its offering of $100 million aggregate principal amount of 8.75 percent Senior Notes, due 2000, was declared effective today. The notes have been offered to the public at a price of $98.975 to yield 8.95 percent if held to maturity and are redeemable by the company on or after Oct. 15, 1997.
 The issue is rated "BB" by Standard & Poor's Corporation and "Ba2" by Moody's Investors Service. PaineWebber Incorporated and BT Securities Corporation underwrote the offering.
 The company has also executed a commitment letter for a $75 million revolving credit facility with Mellon Bank, N.A.
 Primark intends to use the net proceeds from the sale of the notes and a portion of the revolver to refinance its existing debt, including the retirement of its 7 percent zero-coupon convertible note for $69.6 million due in 2002. The refinancing will simplify Primark's capital structure, eliminate the potential equity dilution by 2.7 million shares and improve Primark's financial flexibility to pursue opportunities in the information services industry.
 Primark Corporation, headquartered in McLean, is an international company principally engaged in information service businesses.
 -0- 10/8/93
 /CONTACT: Steven L. Schneider of Primark, 703-790-7630/
 (PMK)


CO: Primark Corporation ST: Virginia IN: CPR SU:

KD-MH -- DC036 -- 0292 10/08/93 16:12 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
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