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RPM FILES CONVERTIBLE DEBT OFFERING WITH SEC

 RPM FILES CONVERTIBLE DEBT OFFERING WITH SEC
 MEDINA, Ohio, Aug. 14 /PRNewswire/-- RPM, Inc. (NASDAQ: RPOW) today


announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of Liquid Yield Option Notes (LYONs) due 2012. The LYONS are zero coupon subordinated notes convertible into RPM common shares. The company expects the proceeds of this offering to approximate $100 million. Merrill Lynch & Co. will act as the underwriter of the offering.
 RPM will use the proceeds from the offering to repay existing bank debt.
 RPM, Inc. is a manufacturer and marketer of industrial coatings for waterproofing and general maintenance, corrosion control and other specialty chemical applications. RPM also manufactures consumer do-it- yourself products for home maintenance, automotive repair, and consumer hobby and leisure markets. RPM markets products in approximately 75 countries and operates 44 plants in the United States, Belgium, Canada, Luxembourg and The Netherlands. The fiscal year ended May 31, 1992, was RPM's 45th consecutive record year of sales, earnings and earnings per share, with sales of $552,091,783, earnings of $34,466,387 and earnings per share of $1.10.
 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- 8/14/92
 /CONTACT: Thomas C. Sullivan or James A. Karman, both of RPM, Inc., 216-273-5090/
 (RPOW) CO: RPM, Inc. ST: Ohio IN: CHM SU: OFR


KK -- CL013 -- 0089 08/14/92 14:25 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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