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ZENITH RECEIVES NEW LENDING COMMITMENT

 GLENVIEW, Ill., April 12 /PRNewswire/ -- Zenith Electronics Corp. (NYSE: ZE) has received a commitment from two major institutional lenders for a new $90 million revolving credit agreement, running through Dec. 31, 1994, the company announced today.
 Zenith believes that the new agreement should provide the financial flexibility the company needs to carry out its business plan.
 The commitment is subject to negotiation and signing of a definitive loan agreement, which the company expects to sign within 60 days.
 The new credit agreement would replace Zenith's existing $60 million bank agreement, which runs through June 1994.
 -0- 4/12/93
 /CONTACT: John Taylor, 708-391-8181, or (investors) Seymour Lipton 708-391-7713, both of Zenith Electronics/
 (ZE)


CO: Zenith Electronics Corp. ST: Illinois IN: CPR SU: FNC

TS -- NY022 -- 4660 04/12/93 09:39 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
Words:132
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