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UNC COMMENCES OFFERING OF $100 MILLION 9-1/8 PERCENT SENIOR NOTES

 ANNAPOLIS, Md., July 23 /PRNewswire/ -- UNC Incorporated (NYSE: UNC) announced today the commencement of a public offering of $100 million aggregate principal amount of 9-1/8 percent Senior Notes due 2003.
 UNC will use the proceeds from the sale of the Notes to redeem certain existing indebtedness, to fund future acquisitions, the capital and other costs the company may incur in connection with joint ventures and other long-term contracts and for general corporate purposes.
 The Notes are non-callable for five years and are rated double-B by Standard & Poor's Corp. and single-B1 by Moody's Investors Service Inc. The offering is being lead managed by The First Boston Corporation and co-managed by Donaldson, Lufkin & Jenrette Securities Corporation and Chemical Securities Inc. The Notes will be listed on the New York Stock Exchange. A copy of the prospectus may be obtained from any of the underwriters.
 UNC Incorporated, listed on the New York Stock Exchange, is engaged in the manufacturing and remanufacturing of jet engine and aircraft components, the overhaul of aircraft accessories and aircraft engines, the refurbishment and overhaul of helicopters, and in providing aircraft maintenance and pilot training services.
 -0- 7/23/93
 /CONTACT: Gregory M. Bubb, vice president and treasurer of UNC, 410-266-7333/
 (UNC)


CO: UNC Incorporated ST: Maryland IN: AIR SU: OFR

JM-CC -- PH024 -- 5304 07/23/93 16:35 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
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