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TRANSAMERICAN COMPLETES OFFERING

 HOUSTON, July 23 /PRNewswire/ -- TransAmerican Waste Industries, Inc. (NASDAQ-NMS: WSTE) announced today that its registration statement relating to a $14 million unit offering has been declared effective by the Securities and Exchange Commission. The closing of the offering is expected to occur on or about July 30, 1993.
 The offering consists of 14,000 units. Each unit is composed of $1,000 principal amount of 10 percent convertible subordinated debenture due 2003 and 40 shares of the company's common stock. The units will trade on the NASDAQ Small-Cap Market under the symbol WSTEL.
 Proceeds of the offering will be used to repay indebtedness and fund costs incurred in connection with completed and pending or possible future acquisitions. Any remaining proceeds will be used for general corporate purposes.
 TransAmerican Waste Industries, Inc. is an environmental solutions company involved in the transportation, processing and disposal of non-hazardous solid and industrial waste. Operations also include environmental consulting and engineering and remediation contracting services. The company's common stock is traded on the National Market System under the NASDAQ symbol WSTE.
 -0- 7/23/93
 /CONTACT: Tommy Fatjo, vice president of TransAmerican Waste Industries, Inc., 713-956-1212/
 (WSTE)


CO: TransAmerican Waste Industries, Inc. ST: Texas IN: ENV SU: OFR

TS -- NY076 -- 5255 07/23/93 15:25 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:212
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