Exhibit 99.1

               Magnetek Announces New Credit Agreements

    LOS ANGELES--(BUSINESS WIRE)--Sept. 30, 2005--Magnetek, Inc.
(NYSE:MAG) today announced that it has entered into agreements with
lenders providing for an $18 million Term Loan and $13 million
Revolving Credit Facility. The Company's domestic credit agreement
with a former lender also terminated today.
    Borrowings under Magnetek's new Term Loan agreement bear interest
at the lender's reference rate plus 5 percent, or, at the Company's
option, the London Interbank Offering Rate (LIBOR) plus seven and
one-half percent. Such rates may be increased by up to one percentage
point depending upon the level of U.S. funded debt to EBITDA as
defined in the agreement. The new Term Loan facility requires
quarterly principal payments of $1 million beginning in September,
2006. Borrowings under the new Revolving Loan agreement bear interest
at the bank's prime lending rate plus two and one-half percent or, at
the Company's option, LIBOR plus four percent. Borrowings under the
new Revolving Loan facility are determined by a borrowing base formula
as defined in the agreement, based on the level of eligible domestic
accounts receivable and inventory. The Revolving Loan facility also
supports the issuance of letters of credit. Borrowings under the Term
Loan and Revolving Loan agreements are secured by substantially all of
the Company's domestic assets.
    Magnetek's European subsidiary has revolving credit arrangements
with various banks primarily to finance working capital needs.
Available borrowings under these arrangements aggregate approximately
Euro 20 million, depending in part upon levels of accounts receivable.
Borrowings outstanding under these arrangements bear interest at
various rates ranging from 3% to 8%. In addition, the Company's
European subsidiary has an agreement with a European bank to provide
borrowings secured by the subsidiary's land and building over a
ten-year period. The initial commitment to lend under this agreement
is Euro 7 million with the commitment amount reduced ratably on a
quarterly basis beginning March 31, 2004 and ending September 30,
2013.
    More information can be obtained from the Company's fiscal 2005
annual report on Form 10-K, which was filed with the Securities and
Exchange Commission today, and from the new domestic credit agreement
documents themselves, which will be attached as exhibits to a report
on Form 8-K, which will be filed with the SEC early next week.
    Magnetek, Inc. manufactures power control products and systems for
communications, data processing, industrial automation, consumer
products, mass transit, alternative and renewable energy, utility grid
monitoring and other applications requiring highly reliable, precise,
energy-efficient power. The Company operates manufacturing and
research facilities in North America, Europe and China.

    This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the Company's assets, credit
availability and financial position. These forward-looking statements
are based on the Company's expectations and are subject to risks and
uncertainties that cannot be predicted or quantified and are beyond
the Company's control. Future events could differ materially from
those set forth in, contemplated by, or underlying these
forward-looking statements. These risks and uncertainties include, but
are not limited to, changes in the Company's asset base, operating
results and other factors affecting the Company's credit worthiness.
Other factors that could cause events to differ materially from
expectations are described in the Company's reports filed with the
Securities and Exchange Commission pursuant to the Securities Exchange
Act of 1934.



    CONTACT: Magnetek, Inc.
             Robert Murray, 310-689-1610
             bmurray@magnetek.com