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WHEELING-PITTSBURGH CORPORATION ANNOUNCES PUBLIC OFFERING

 WHEELING-PITTSBURGH CORPORATION ANNOUNCES PUBLIC OFFERING
 NEW YORK, Nov. 20 /PRNewswire/ -- Wheeling-Pittsburgh Corporation (NYSE: WHX) today announced the public offering of its $175 million of 12-1/4 percent first mortgage notes due 2000.
 The notes are guaranteed by Wheeling-Pittsburgh Steel Corporation, a wholly-owned subsidiary of Wheeling-Pittsburgh Corporation. The offering of the notes was underwritten by Citicorp Securities Markets, Inc. The offering was increased from $150 million.
 The notes are non-callable for five years and have been rated Ba3 by Moody's Investors Service and BB- by Standard & Poor's Corporation.
 Proceeds from the sale of the first mortgage notes will be used to retire the remaining $119.8 million principal amount of 16 percent Series F senior notes due 1998, with the balance to be used to defease certain other debt aggregating $1.2 million principal amount and to provide for general corporate purposes.
 Wheeling-Pittsburgh operates the seventh-largest domestic integrated steel business. In 1990, Wheeling-Pittsburgh had net sales of $1,102.5 million and operating income of $81.8 million.
 -0- 11/20/91
 /CONTACT: R.A. Johnson of Wheeling-Pittsburgh, in Wheeling, W.Va., 304-234-2440/
 (WHX) CO: Wheeling-Pittsburgh Corporation ST: West Virginia IN: MNG SU: OFR


DM -- PG006 -- 5450 11/20/91 12:50 EST
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Publication:PR Newswire
Date:Nov 20, 1991
Words:202
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