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TOSCO EXTENDS EXCHANGE OFFER

 STAMFORD, Conn., Aug. 20 /PRNewswire/ -- Tosco Corporation (NYSE: TOS) announced today that it has extended, to 5:00 p.m. New York City time, Sept. 3, 1993 its outstanding exchange offer to exchange a new series of 8-1/4 percent First Mortgage Bonds due May 15, 2003 (Exchange Bonds) for the current 8-1/4 percent First Mortgage Bonds due May 15, 2003, which were issued in April 1993 in a private offering under Rule 144A of the Securities Act of 1933. The Exchange Bonds have been registered under the Securities Act of 1993, as anticipated in the original private placement. The original bonds were not registered. The exchange offer was previously scheduled to expire today.
 Tosco said that a total of approximately $59 million principal amount of bonds had been exchanged as of the close of business yesterday and that all properly exchanged bonds will be exchanged in accordance with the terms of the offer.
 Requests for copies of the exchange offer and the letter of transmittal, and questions or requests for assistance, may be directed to The First National Bank of Boston (telephone, 1-800-882-6637) or to Tosco, attention investor relations, 203-977-1000.
 Tosco Corporation is an independent refiner that processes and markets over 400,000 barrels per day of petroleum products, with operations on both the East and West Coasts of the United States.
 -0- 8/20/93
 /CONTACT: Jefferson F. Allen or Daniel P. Mulderry of Tosco Corporation, 203-977-1000/
 (TOS)


CO: Tosco Corporation ST: Connecticut IN: OIL SU: OFR

TS -- NY040 -- 4733 08/20/93 15:23 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:259
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