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PRIMERICA COMPLETES PRIVATE PLACEMENT OF $250 MILLION IN NOTES

 NEW YORK, April 30 /PRNewswire/ -- Primerica Corporation (NYSE: PA) today announced the successful completion of a private placement of $250 million of 5-3/4 percent notes due April 15, 1998. The notes were offered through Smith Barney, Harris Upham & Co. Incorporated, Lehman Brothers and Salomon Brothers Inc.
 This follows an overseas offering of 7 million shares of Primerica common stock earlier this month. Together, these offerings totaled approximately $550 million, or more than half of the $1.05 billion in financing that Primerica has announced it would seek to raise in connection with its acquisition of the domestic retail brokerage and asset management businesses of Shearson Lehman Brothers Inc. The acquisition, announced March 12, 1993, is expected to be completed in the third quarter.
 Primerica Corporation is a diversified financial services company principally engaged in investment banking and securities brokerage, mutual funds and asset management, consumer lending, and life, accident & health and property & casualty insurance.
 -0- 4/30/93
 /CONTACT: Mary McDermott, 212-891-8870, Barbara Yastine, 212-891-8872, both of Primerica/
 (PA)


CO: Primerica Corporation ST: New York IN: FIN SU: OFR

TS -- NY087 -- 3376 04/30/93 16:13 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:189
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