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<br />JUh'-30-92 TU� 15.�0 R�COV�RYSYSiL�
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<br />73•71U FR�D ti�'ARIT�G DRIVE
<br />PALt�; DESEF'.7', C� 9?2GU
<br />(619j 3�0-Ch�98
<br />FOR FUFTH�F IP�'FOR1�fAT)01�
<br />CO1�'TACT: DORR;� B, OSBOF,t�E
<br />(619) 34U-OU4g
<br />FAY f�0, 61 S3� 1936�
<br />P, G2
<br />UT�ITED STATE5 FILTER CORPOFtATIO;�'
<br />�.TI1iTED STATES FII�TER CORPORATI�Q�T
<br />AI�'�?�rO�CJ?�,TC�S RESTRUCT�URE QF R7II�I�'�EA.POLIS �'ACY��ITY
<br />PALM 1��SERT, CALiFOR1�'IA, 7uly 1, 1992 - Unitetl States Filter Corporati�n (ASE: USF) announcecl tai�}�
<br />that it bas completed a major financial restructure of U.S. Fi)tcr Recovery Services, Tnc, ("RSI"), its haz�rdous
<br />wsste tra�cmcnt facilit�� in Minn�poIis, Minn, The �ompan�� ssid thc�► it paid $S,OOp,000 in c: sh io the Port
<br />Authority of tiie Ciry� oF St, Pau1� ?�Xinn., in full ptiym�nt of severa) obligations assucned by U,S, Filte; as s r�sul:
<br />of its acquisition of Alcoa Separations Te: hnolob;�, lnc., of which RSI w�s a forme; bvsin�ss unit, 'Ib�se
<br />obiibations includcd a lc,qse of the land, buildin� and equi�mer�t of RSI in th� apprnxirn:ita principal aaloun� of
<br />55,720,3 S 1 st 9.9 �O per annum; a 1��innesota Agricultitre s,nd Economi. Developi»ent Esoard note in the approximate
<br />-prin:i�al amount 5630,000 at 5.75 So p�; annum; und a purchase oblication to sequire the assets under lezse a( the
<br />end of the t�rrn for S6l6,Qp0, .
<br />USr �1sa ejimiaated �he obligation to pay che Port Authorir�� $l 0,0�0 per month ia rn:snH�►emcn� fr,�s whic}� bad b�n
<br />Faid monfhly since the incep;ion of the 1e,isc, A potential additional 155 of annual reve�nues due to the Por�
<br />Authority bscd on c�:tain cash flow calculations wa.s also e);minate3. The Comp�ny also s��.noL.7ced tbat the State
<br />of Mir.nesota has extencic:cl che existing property caz ex�.mption on the manufa�turine portior� of the ;acility for !he
<br />life of the faci3'rty,
<br />fsddition�ily U.S, ritter said is bas s� ,
<br />quir�..d the remainin� :.S � interest frorn Metro Recovery Cn:po �tion
<br />i`j''iRC"), Tna p:iee was �3�S,Q00 in cash and 17,706 shnres of U,S, ri)te; Commor► Stoel., 6,QOJ si�.a:es of which
<br />sre h�ld in escrow pending eertzin perforinance �:ar.a�tee,�,
<br />�We now ow�n 1005 oi a st�te-of-ibE-2 � examnle of treatmant and Te: overy teehn�iaoy which includ�c a 51,000
<br />s,nare foot buildin� on ei�ht a�res, ne eiimination of the d�bt and alJ ot��r obligations to tne Part Autnoriry� Z,nd
<br />to MRC snoulcl have $ substantial and positive efie:.t on USF's ��erating resulcs' s:id Ri�hard J, k�;c};m,3,y�,
<br />Chairma.n and CEO of L'.S, Filter, �
<br />USF also stateel ihat RSI has r�,,;eived a five-y�r renew�l of.its Part "B' Pernut from the �nvir�nment�l Protc:tion
<br />Agency and that it waS one of on)y 14 haxard�us w�ste facilitics nation��:de to wia the Environmental Complian�e
<br />Award for 1991 for 1005 coinpIia�ce with re,�ulati�ns. The ae�varcl ws� given by Environmental I.nfortnation Ltd�
<br />With te^.}rnical and m:�nuf�cturing suppor from the ot�er U.S. FiJter Com�anies, fiSI inten�s to �,qintsi�n a
<br />leadership position by introducing n�w tetihnolo��es far met;�ls recover}�, eft]ucnt polisning, w�ste ��aspor, and
<br />b: z�rdo�;s slud�a stabili:.�tion.
<br />U.S, Filter has heac]yuartc:-s in Palry Desert, California with m�nufa�turinr and �rocessin�* faciiitirs locate.� in
<br />Daver.port, lowa; Marlboro, R�.T,; ATinnezpolis, Minn,; RockFord, Iil; Tarbws, rrance, Warrendale, Pa. a�d
<br />Wiu ttier, Ca1i E,
<br />Establisheci in 1953� tT,S, Filter Corpo;ation desi��s and manufacturers complete Jines of equipment for water
<br />filtration, water treatmen� ancl wascewater ireatment for industrial 2nd municipal cvslomers, Tna compan �'s
<br />Common Stoek is trsded on the Americ�n Sto:.k Exchan¢e under the symb�l USr. }
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