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THE RIVAL COMPANY COMPLETES $100 MILLION FINANCING

 KANSAS CITY, Mo., July 26 /PRNewswire/ -- The Rival Co. (NASDAQ: RIVL) announced today that they closed on $100 million in unsecured financing including $50 million in senior notes maturing in 2003 and a $50 million revolving credit facility. The senior notes were purchased by three insurance companies and bear interest at a rate of 6.42 percent per annum. The bank revolving credit facility has a three year term.
 William L. Yager, senior vice president, Finance and Administration stated, "We have made tremendous progress over the past year. Completing this financing on an unsecured basis is a tribute to this success. We believe that this financing will provide the flexibility to continue our planned growth strategy."
 -0- 7/26/93
 /CONTACT: William Yager of The Rival Co., 816-943-4100/
 (RIVL)


CO: The Rival Co. ST: Missouri IN: SU: FNC

MC -- DV002 -- 5577 07/26/93 09:56 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:147
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