This part of a debt which remains unpaid. The exceptional balance of loan refers to this part of the main thing which was not refunded.

Johns Manville (NYSE: JM) today announced its intention to refinance its $400 million 10 notes 2004 due of 7/8% elder. The elder notes were published during the higher environment of interest rate of interest of 1994 late, and the company benefits from the lower rates to reduce its operating costs.

The refinancing will be composed of an offer of tender partial for the money cash and of the request of assent for the amendments suggested of a certain number of engagements and provisions in the bilateral bilateral contract concerning the notes. The payment of the prices and assent of offer of partial tender, with expiration dates of the offer of tender partial and request of assent and other details of the offer of partial tender will be explained in the "offre with the report/ratio of request of purchase and assent "which is envisaged to be distributed to the holder of bills payable or April of 20, 1998, of the date envisaged of the beginning of the offer of tender partial and the request of assent. J.p. Morgan Securities, Inc will be the director of retailer for the offer of tender partial and the request of assent. MacKenzie Partners, Inc will be the agent of information. The bank of New York, the current administrator, will be also the agent of agent. One expects that the advance payment of the notes early has like consequence an extraordinary load for the extinction of the debt in the second quarter of 1998.