March 27, 1995
1310-FY95-387
Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, NW
Stop 1-4
Washington, D.C. 20549-1004
Attention: Filing Desk
RE: Thiokol Corporation
Commission File No. 1-6179
Current Report on Form 8-K dated March 27, 1995
Ladies/Gentlemen:
This Form 8-K is being filed electronically on EDGAR pursuant to Item
5, Other Events.
Sincerely,
s/Edwin M. North
---------------------------
Edwin M. North
EMN/dch
Enclosures
cc: New York Stock Exchange (w/manually signed copy of report)
Chicago Stock Exchange (w/manually signed copy of report)
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 27, 1995
Thiokol Corporation
______________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware
______________________________________________________________________
(State or other jurisdiction of incorporation)
1-6179 36-2678716
______________________ _______________________________
Commission File Number (IRS Employer Identification No.)
2475 Washington Boulevard, Ogden, Utah 84401-2398
______________________________________________________________________
(Address of principal executive offices) (Zip Code)
(801) 629-2000
_____________________________
Registrant's Telephone Number
ITEM 5 - OTHER EVENTS
News Release: March 27, 1995
THIOKOL RETIRES PRIVATE PLACEMENT DEBT
OGDEN, UTAH -- Thiokol announced today that it has retired $85.5
million of private placement debt that was due to mature in June 1996
and June 1999. The debt included $37 million of the 10.45 percent
Series B Notes due June 30, 1996 and $48.5 million of the 10.48
percent Series C Notes due June 30, 1999. The notes are the
remainder of the $220 million of private placement debt arranged in
1989 coincident with Thiokol's spinoff from Morton Thiokol, Inc.
The debt retirement was financed primarily through cash on hand and
lower interest bearing bank credit lines already in place. The
retirement will result in an extraordinary loss of $7.7 million pre-tax, or
$4.8 million after-tax ($.25 share). The charge will be recognized in
the third quarter along with the previously announced restructuring
charge associated with the closure of selected manufacturing sites.
"The decline in interest rates during recent years provided the
Company the opportunity to economically retire this long-term debt,
and substantially reduce interest expense in future years," James R.
Wilson, President and Chief Executive Officer said. "The notes also
contained restrictive financial covenants, and removal of them allows
the Company greater flexibility in pursuing our strategic objectives.
Thiokol Corporation (TKC-NYSE) is a major producer of solid
propulsion systems, ordnance and composite products for the space
and defense industries, and high-technology, proprietary fastening
systems.
(END NEWS RELEASE)<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
THIOKOL CORPORATION
(Registrant)
Dated: March 27, 1995 By: s/Edwin M. North
----------------------
Edwin M. North
Secretary
