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ZENITH SIGNS NEW CREDIT AGREEMENT

 ZENITH SIGNS NEW CREDIT AGREEMENT
 GLENVIEW, Ill., Aug. 31 /PRNewswire/ -- Zenith Electronics


Corporation (NYSE: ZE) has signed a new three-year, $60 million working capital credit agreement with the Bank of New York Commercial Corporation, the company announced today. Borrowings under the new credit agreement are secured by accounts receivable and trademarks.
 The new agreement replaces a bank agreement which was to expire at the end of 1992. Using the new credit agreement, the company has repaid in full the amount outstanding under the bank agreement, which was simultaneously terminated.
 -0- 8/31/92
 /CONTACT: John Taylor, 708-391-8181, or (investors) Seymour Lipton, 708-391-7713, both of Zenith Electronics/
 (ZE) CO: Zenith Electronics Corporation ST: Illinois IN: CPR SU: FNC


CK -- NY022 -- 4868 08/31/92 10:14 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
Words:126
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