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BRIEFLY

Storage Technology filed a reorganization plan.

September 04, 1986

The plan, filed in U.S. Bankruptcy Court in Denver, calls for the repayment of about $800 million in debts to the company's 8,500 creditors. Payment by the Louisville, Colo.-based company would be made with $140 million in cash, $285 million in 10-year notes and $375 million, or 196 million shares, of newly issued stock. Storage Technology, which manufactures computer storage devices, said it will file further details of the plan on Friday.

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