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BRIEFLY

Unocal will take a large charge against earnings.

September 25, 1985

The Los Angeles-based oil company said that, as a result of its redemption of $4.2 billion in senior secured notes, it will take a $194.2-million charge against earnings. The charge comes from the premium that the company is paying to buy back the notes. Unocal is replacing the notes with floating-rate bank debt.

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