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TEXTRON OFFERS $200 MILLION IN 8-3/4 PERCENT DEBENTURES DUE JULY 1, 2022

TEXTRON OFFERS $200 MILLION IN 8-3/4 PERCENT DEBENTURES DUE JULY 1, 2022
 PROVIDENCE, R.I., June 26 /PRNewswire/ -- Textron Inc. (NYSE: TXT) announced that it is offering $200 million of its 8-3/4 percent debentures due July 1, 2022, under its shelf registration statement previously filed with the Securities and Exchange Commission.
 The offering will be made through a group of underwriters led by Morgan Stanley & Co. Incorporated, Merrill Lynch & Co., and Salomon Brothers Inc.
 The debentures may not be redeemed prior to July 1, 2002. On or after that date, the debentures may be redeemed in whole or in part at the option of Textron at prices decreasing to 100 percent of their principal amount on or after July 1, 2012.
 The net proceeds from the sale of the debentures will be applied to repay outstanding indebtedness.
 Textron Inc. is a multi-industry company with operations in three business sectors -- aerospace technology, commercial products and financial services.
 -0- 6/26/92
 /CONTACT: Raymond W. Caine Jr., vice president of corporate communications, 401-421-2800/
 (TXT) CO: Textron, Inc. ST: Rhode Island IN: ARO SU:


CN -- NE007 -- 4223 06/26/92 12:41 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
Words:192
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