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SYBRON ANNOUNCES REFINANCING

 MILWAUKEE, May 5 /PRNewswire/ -- Sybron Corp. (NYSE: SYB) announced today that it intends to refinance its debt in the amount of approximately $270 million. The refinancing will consist of a redemption of the company's $160 million of 13-1/4 percent senior subordinated notes on Aug. 15 of this year, as well as the refinancing of its existing bank debt to take advantage of favorable conditions in credit markets.
 The refinancing will be accomplished through a new seven-year bank credit agreement being arranged and underwritten by Chemical Bank of New York. Pursuant to the terms of a commitment letter signed today by Sybron and Chemical Bank, terms of the new credit agreement will include an interest rate much more attractive than the existing bank credit facility and will also


provide a credit line which is to be available for acquisitions that would complement existing Sybron businesses. The commitment letter contains certain contingencies, including the negotiation and execution of a definitive agreement which Sybron expects to have completed on or prior to Aug. 15.
 Sybron's bank debt, currently at approximately $100 million, means that, along with the senior subordinated notes, redemption premiums and appropriate fees, approximately $270 million will be refinanced in total. At current interest rates, this translates into an annual savings in interest costs of approximately $11 million before taxes, or 32 cents a share on an after-tax basis.
 The premium associated with the redemption, together with unamortized fees associated with existing bank debt and senior notes, will be expensed as an extraordinary item in the company's third fiscal quarter. On an after-tax basis, this charge will amount to approximately $8.7 million, or 38 cents per share.
 Commenting on the refinancing arrangement, K.F. Yontz, chairman, president & CEO of Sybron, said that he was particularly excited about the new credit arrangement because "Not only does it save the company a great deal of interest expense, but equally important, it gives us the flexibility to further invest in our businesses by being able to move quickly on appropriate acquisitions as opportunities arise. An important part of our future strategy will be identifying and purchasing businesses or product-lines which will strengthen our existing operating units."
 -0- 5/5/93
 /CONTACT: Dennis Brown of Sybron Corp., 414-274-6600, or S. Joseph Moran of Hoffman York & Compton, 414-289-9700, for Sybron Corp./
 (SYB)


CO: Sybron Corp. ST: Wisconsin IN: MTC SU: FNC

LD -- NY091 -- 5063 05/05/93 17:10 EDT
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Date:May 5, 1993
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