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UCC INVESTORS $750 MILLION DEBT OFFERING BECOMES EFFECTIVE

 MIDDLEBURY, Conn., Feb. 1 /PRNewswire/ -- UCC Investors Holding, Inc., the parent company of Uniroyal Chemical Company, Inc., announced today that the Registration Statement relating to its public offering of $300 million principal amount of 10-1/2 percent Senior Notes due 2002, $325 million principal amount of 11 percent Senior Subordinated Notes due 2003 and $125 million initial accreted value of 12 percent Subordinated Discount Notes due 2005 was declared effective today by the Securities and Exchange Commission. Morgan Stanley & Co. Incorporated is the underwriter of the offering.
 The aggregate proceeds of approximately $750 million from the offering of the new notes will be used (i) to retire UCC Investors' 14 percent Senior Discount Notes due 1999 at 109.35 percent of accreted value, (ii) to retire the 13.5 percent Senior Subordinated Notes due 1997 of Uniroyal Chemical Acquisition Corporation, an indirect wholly owned subsidiary of UCC Investors, at 107.71 percent of principal amount, (iii) to retire the 14.25 percent Subordinated Notes due 1998 of UCAC at 108.91 percent of principal amount, (iv) to pay fees and expenses in connection with the offering and (v) for general corporate purposes.
 The closing of the sale of the new 10-1/2 percent Senior Notes, new 11 percent Senior Subordinated Notes and new 12 percent Subordinated Discount Notes is expected to occur on Feb. 8, 1993, at which time UCC Investors intends to call for redemption of the old 14 percent Senior Discount Notes and UCAC intends to call for redemption of the old 13.5 percent Senior Subordinated notes and old 14.25 percent Subordinated Notes. The closing of the sale of the new notes is subject to customary conditions.
 Robert J. Mazaika, president and chief executive officer of Uniroyal Chemical, stated that the financing is intended to improve the company's operating and financial flexibility by reducing its future interest expense, extending the maturity of a substantial portion of its debt and enhancing its liquidity.
 UCC Investors Holding, Inc., through its wholly owned subsidiary, Uniroyal Chemical Company, Inc., is a speciality chemical company whose principal business lines include rubber chemicals, specialty chemical additives, elastomers, crop protection chemicals and urethane pre-polymers.
 -0- 2/1/93
 /CONTACT: Robert Petrausch of UCC Investors Holding, Inc., 203-573-2000/


CO: UCC Investors Holding, Inc.; Uniroyal Chemical Company, Inc.;
 Uniroyal Chemical Acquisition Corporation ST: Connecticut IN: CHM SU: OFR


TW -- DC029 -- 1545 02/01/93 17:07 EST
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Date:Feb 1, 1993
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