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PRIMERICA TO REDEEM 5-1/2 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2002

 NEW YORK, May 28 /PRNewswire/ -- Primerica Corporation (NYSE: PA) today announced the redemption of its 5-1/2 percent convertible subordinated debentures due 2002. As of May 27, 1993, approximately $137 million principal amount of the debentures were outstanding.
 The debentures will be redeemed, in accordance with their terms, on July 2, 1993, at a price of $1,032.69 in cash per $1,000 of principal amount, representing 102.20 percent of such principal amount plus $10.69 in interest accrued from April 22, 1993, to the redemption date. Until the close of business on the redemption date, each $1,000 of principal amount of debentures may be converted by their terms into 22.4720 shares of common stock of Primerica Corporation plus cash in the amount of $104.94.
 In connection with the above, the company has entered into a standby agreement with Salomon Brothers Inc. to ensure the conversion into common stock of debentures not directly submitted for conversion.
 The paying and conversion agents are The Morgan Guaranty Trust Company of New York in Brussels and London, Credit Suisse in Zurich, and Banque Generale in Luxembourg.
 -0- 5/28/93
 /CONTACT: Mary McDermott, 212-891-8870, or Barbara Yastine, 212-891-8872, both of Primerica Corporation/
 (PA)


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

PS-LD -- NY065 -- 3578 05/28/93 17:57 EDT
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Publication:PR Newswire
Date:May 28, 1993
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