
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, July 11, 1995                   TAG: 9507110056
SECTION: BUSINESS                    PAGE: B-5   EDITION: METRO 
SOURCE: Associated Press
DATELINE: NEW CANAAN, CONN.                                LENGTH: Short

BANK OKS PLAN FOR REORGANIZATION OF SMITH CORONA

A bankruptcy court has approved a $24 million financing package for Smith Corona Corp., the typewriter maker said Monday.

The U.S. Bankruptcy Court for the District of Delaware approved an agreement between Smith Corona and its current bank group led by Chemical Bank. The $24 million will enable Smith Corona to meet its operating expenses during its court-supervised reorganization under Chapter 11 of the U.S. Bankruptcy Code.

by CNB