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SYBRON CHEMICAL INDUSTRIES INC. CLOSES $17 MILLION DEBT REFINANCING WITH PRUDENTIAL

 SYBRON CHEMICAL INDUSTRIES INC. CLOSES
 $17 MILLION DEBT REFINANCING WITH PRUDENTIAL
 BIRMINGHAM, N.J., Aug. 25 /PRNewswire/ -- Sybron Chemical Industries Inc. (NASDAQ: SYCM) today announced that it closed on Aug. 13, 1992, a $17 million private debt placement with Prudential Insurance Company at a coupon of 8.17 percent.
 Proceeds of the loan and internal cash resources were used to repay $18.4 million of debt which carried a blended interest rate of 13.1 percent. The new loan has an average life of seven years. Call premiums and write-off of organization costs relating to the debt repayment will result in a third quarter extraordinary charge of $.14 per share.
 Richard M. Klein, president and chief executive officer, said that in addition to annual interest savings of $.9 million, the Prudential Loan is less restrictive than the repaid debt, allowing the company increased flexibility for acquisitions and other growth activities.
 Sybron Chemical Industries Inc., which began trading publicly on March 31, 1992, is an international specialty chemical company which develops, produces and markets products and related services in two main markets: environmental (primarily related to water and waste treatment) and textile dyeing and finishing.
 /delval/
 -0- 8/25/92
 /CONTACT: Sidney H. Cohen, chief financial officer of Sybron Chemical Industries, 609-893-1100/
 (SYCM) CO: Sybron Chemical Industries Inc.; Prudential Insurance Company ST: New Jersey IN: CHM SU:


MP -- PH004 -- 2883 08/25/92 08:46 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
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