COMPUTERVISION CORP /DE/
8-K, 1997-09-09
COMPUTER INTEGRATED SYSTEMS DESIGN
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                SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C.



                             FORM 8-K

                         CURRENT REPORT

                  Securities Exchange Act of 1934



Date of Report (date of earliest event reported): 
September 3, 1997


Computervision Corporation
(Exact name of registrant as specified in charter)

     Delaware           1-7760/0-20290      04-2491912
- ----------------        --------------     --------------
(State or other          (Commission       IRS Employer
jurisdiction             File Numbers)     Identification
of incorporation)                          Number)


100 Crosby Drive, Bedford, MA  01730
(Address of principal executive offices)


(617) 275-1800
(Registrant's telephone number, including area code)


(Former name or former address, if changed since last report)


<PAGE>

Item 5.  Other Events
- ---------------------

     On September 3, 1997, Computervision Corporation issued a 
press release announcing the closing of an $8.5 million bridge 
loan facility with M.D. Sass Corporate Resurgence Partners,
L.P., an affiliate of M.D. Sass Associates, Inc., the Company's 
largest shareholder (see copy of press release attached).





Item 7.  Financial Statements and Exhibits
- ------------------------------------------

(a)  Financial Statements of business acquired:

         Not applicable

(b)  Pro Forma financial information

         Not applicable

(c)  Exhibits:

         (99) (a) Press Release dated September 3, 1997


<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 thereunto duly authorized.




                               Computervision Corporation
                               (Registrant)


                               By /S/ Anthony N. Fiore, Jr.
                                 Anthony N. Fiore, Jr.
                                 Vice President, Business
                                 Operations and General Counsel

                               Date:  September 9, 1997


<PAGE>



                        EXHIBIT INDEX
                        -------------

Exhibit No.                                        Page. No.
- ------------------------------------------------------------

(99) (a) Press Release dated September 3, 1997        6-7

<PAGE>



For Further Information:

William A. Wilson, SVP/CFO
Computervision Corporation
(617) 275-1800, ext. 4005


FOR IMMEDIATE RELEASE


      Computervision Arranges Bridge Loan Facility


BEDFORD, Mass., September 3, 1997 -- Computervision Corporation 
(NYSE:CVN) today announced the closing of a $8.5 million bridge 
loan facility with M.D. Sass Corporate Resurgence Partners, L.P.  
Resurgence is an affiliate of M.D. Sass Associates, Inc., the 
Company's largest shareholder.

The bridge loan facility is intended to temporarily replace the 
facility that the Company previously had with a group of banks.  
The bridge loan facility matures upon the earlier of 180 days from 
August 27, 1997, or at the closing of a replacement facility.  
Borrowing under the facility will bear interest at the rate of 15% 
per annum, paid monthly.  Computervision also paid a commitment 
fee of $85,000 and issued a seven-year warrant to purchase 
approximately 635,000 shares of the Company's common stock at a 
price of approximately $3.44.

Computervision president and CEO Kathleen Cote said:  "This 
facility provides us a period of time to find a more permanent 
credit facility that will meet our needs as a pure software 
company.  Our previous facility was put in place when a 
substantial portion of Computervision's business involved computer 
hardware services, a business line that was sold on July 18, 1997, 
to CVSI, Inc."   In that transaction, Computervision received 
$32.6 million in cash and a note and continues to hold 24% of the 
Class A voting stock of CVSI.

Computervision Corporation is the leading international supplier 
of Electronic Product Definition(TM) (EPD(TM)) solutions.  EPD is 
Computervision's product and process response to the customer need 
to concurrently create, manage, share and reuse electronic product 
information in a collaborative environment throughout a product's 
life cycle and across a distributed value chain. Computervision is 
headquartered in Bedford, Massachusetts.

Except for the historical information contained herein, matters 
discussed in this news release may constitute forward-looking 
statements that involve risks and uncertainties that could cause 
actual results to differ materially from those projected.  These 
include the time period required to find a permanent replacement 
credit facility as well as risks and uncertainties that are 
detailed from time to time in reports filed by Computervision with 
the Securities and Exchange Commission, including the Company's 
most recent reports on Form 10-K and 10-Q.

Computervision and the Computervision logo are registered 
trademarks of Computervision Corporation.  Electronic Product 
Definition and EPD are trademarks of Computervision Corporation.  
All other trademarks are trademarks of their respective owners.

A copy of this release plus financial, product and other company 
information is available by dialing 1-800-546-4616.  Any questions 
concerning the service should be directed to Investor Relations at 
Computervision Corporation at 617/275-1800.  For more on 
Computervision, please call (617) 275-1800 or visit the 
Computervision web site at http://www.cv.com.








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