DIGICON OFFERS NEW DEBT FOR OUTSTANDING DEBT
Digicon Inc said it is offering to
exchange about 55 mln dlrs of outstanding subordinated
debentures for a package of new issues.
    The outstanding debenture issues include 12-7/8 pct senior
subordinated notes, 10-1/2 pct convertible subordinated
debentures and 8-1/2 pct convertible subordinated debentures of
the unit Digicon Finance NV.
    The new securities to be issued in the exchange offer will
be about 8.5 mln dlrs of 12 pct senior subordinated notes due
1994, 23.5 mln dlrs of 9.35 pct convertible subordinated
debentures due 1997 and 16.5 mln shares of common stock.
 Reuter
