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THE DIANA CORPORATION'S TELECOMMUNICATIONS SUBSIDIARY OBTAINS $5 MILLION CREDIT FACILITY

 MILWAUKEE, Nov. 9 /PRNewswire/ -- The Diana Corporation (NYSE: DNA) reports that C&L Communications Inc., a subsidiary, received and accepted an offer from its current lender to increase its total credit facility to $5 million. In addition, terms call for a reduction in the interest rate charged from Prime plus 2-3/4 percent to Prime plus 1/4 percent, the relaxation of debt covenants, and up to $2 million of acquisition financing. Richard Y. Fisher, chairman of the board and chief executive officer of The Diana Corporation, stated, "These modifications will result in considerable interest savings for C&L. C&L was able to negotiate more favorable financing terms as a result of its outstanding performance. In addition to providing working capital financing for the next two years, the credit facility gives C&L a cornerstone on which it will continue to grow."
 C&L is the nation's largest distributor of Mitel call controllers and Newbridge Networks channel banks.
 -0- 11/9/93
 /CONTACT: Keith R. Steffel of The Diana Corporation, 414-289-9797/
 (DNA)


CO: The Diana Corporation; C&L Communications Inc. ST: Wisconsin IN: TLS SU:

AR -- CL018 -- 3638 11/09/93 11:28 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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