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MARK IV PRICES DEBT TO YIELD 4.75 PERCENT

Mark IV Industries Inc. said Friday it has priced its $275 million in convertible subordinated notes to yield 4.75 percent and be convertible into common stock at $32.8125 per share.

Mark IV plans to use the proceeds from the sale of the notes to refinance the $258 million in principal that is outstanding on its series of 8 3/4 percent senior subordinated notes due April 1, 2003.

The new Mark IV notes were rated BB by Standard & Poor's Corp. and BBB- by Fitch Investors Service.

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