ESSEX CHEMICAL <ESX> TO SELL CONVERTIBLE DEBT
Essex Chemical Corp said it filed with
the Securities and Exchange Commission a registration statement
covering a 60 mln dlr issue of convertivble subordinated
debentures due 2012.
    Proceeds will be used to redeem the company's outstanding
11-3/8 pct subordinated debentures due 1998 and repay all long
and short-term notes payable to banks, as well as for working
capital, Essex Chemical said.
    The company named Thomson McKinnon Securities Inc as lead
manager and PaineWebber Inc as co-manager of the offering.
 Reuter
