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SCHOLASTIC TO REDEEM 13 PERCENT SUBORDINATED DEBENTURES DUE JUNE 1, 2002

SCHOLASTIC TO REDEEM 13 PERCENT SUBORDINATED DEBENTURES DUE JUNE 1, 2002
 NEW YORK, Feb. 27 /PRNewswire/ -- Scholastic Corporation announced that it gave notice to the holders of its outstanding 13 percent subordinated debentures due June 1, 2002 that the debentures will be redeemed in full on March 27, 1992 at a redemption price equal to the principal amount of each debenture, together with accrued and unpaid interest through March 26, 1992. Payment of the redemption price will be made through the Corporate Trust Office of IBJ Schroeder Bank & Trust Company.
 Scholastic, headquartered in New York, is among the leading publishers and distributors of children's books, classroom and professional magazines, and other educational products. The company also publishes educational computer software and produces children's and family-oriented video and TV programming. Scholastic operates in the United States, Canada, Australia, the United Kingdom, and New Zealand.
 -0- 2/27/92
 /CONTACT: Cynthia Harrison of Scholastic, 212-505-3410/ CO: Scholastic Corporation ST: New York IN: PUB SU:


TS -- NY011 -- 3155 02/27/92 10:11 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 27, 1992
Words:171
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