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TSX LOAN NEGOTIATIONS CONTINUE

 EL PASO, Texas, Nov. 15 /PRNewswire/ -- TSX Corporation (AMEX: TSX) announced today that its Texscan subsidiary is continuing its negotiations with its long-term lender regarding the restructuring of its $16.9 million senior notes. The lender and the company had previously agreed to defer interest payments due on Oct. 15, 1993 until Nov. 15, 1993 to facilitate the ongoing restructuring negotiations. This deferral period has been extended to Jan. 15, 1994. The negotiations are proceeding but could not be finalized by the original Nov. 15 deferral date.
 TSX's chief executive officer, Wm. H. Lambert, said, "While we can make no assurance that the ongoing negotiations will be successful, Texscan and its lender are cooperating in an amicable atmosphere to find the appropriate arrangement which is satisfactory to both parties."
 Headquartered in El Paso, TSX Corporation, through its subsidiary, is a leading manufacturer of CATV distribution electronics, electronic advertising insertion equipment, and is a large scale fiber optic systems integrator for road, subway, and railway applications, primarily in Europe.
 -0- 11/15/93
 /CONTACT: TSX Corporation, 915-594-3555/
 (TSX)


CO: TSX Corporation ST: Texas IN: CPR SU:

CK -- NY072 -- 4437 11/15/93 12:42 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:194
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