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TNT FREIGHTWAYS CORP. ANNOUNCES FILING FOR DEBT OFFERING

 ROSEMONT, Ill., April 16 /PRNewswire/ -- TNT Freightways Corp. (NASDAQ: TNTF) announced today that it has filed with the Securities and Exchange Commission for registration of $100 million principal amount of unsecured debt securities.
 The proceeds from the sale of the debt securities will be used, in part, to repay indebtedness incurred in connection with the company's repurchase of 3,686,218 shares of common stock from affiliates of TNT Limited for approximately $70 million.
 The underwriters for the debt securities will be Merrill Lynch & Co. and Alex. Brown & Sons Incorporated.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 TNT Freightways Corp. operates a group of regional less-than- truckload general commodities motor carriers in the United States. These regional trucking subsidiaries provide overnight and second-day delivery service throughout the United States and into Canada. The company's logistics subsidiaries, TNT Contract Logistics, TNT Distribution Services, and TNT Auto Warehousing, provide specialized and dedicated services in management, distribution and automobile port processing.
 -0- 4/16/93
 /CONTACT: Chris Ellis of TNT Freightways, 708-696-0200/
 (TNTF)


CO: TNT Freightways Corp. ST: Illinois IN: TRN SU: OFR

TS -- NY046 -- 6791 04/16/93 13:12 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 16, 1993
Words:279
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