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AMERICAN MEDICAL HOLDINGS, INC. ANNOUNCES NEW FINANCING TRANSACTION RESULTS IN REDUCED INTEREST EXPENSE

 DALLAS, April 21 /PRNewswire/ -- American Medical Holdings, Inc. (NYSE: AMI) announced today that its wholly-owned subsidiary, American Medical International, Inc. (AMI) sold $150 million principal amount of 9-1/2 percent new debt securities due 2006 to Nomura Securities International, Inc. AMI has used a portion of the net proceeds to purchase $16.2 million of its 13-1/2 percent Senior Subordinated Notes due 2001 and $27.8 million Accreted Principal Amount of its 15 percent Junior Subordinated Discount Debentures due 2005. The balance of the net proceeds will be used to reduce existing debt or for general corporate purposes.
 Robert O'Leary, chairman of the board and chief executive officer, stated that "the favorable terms of the new financing reflect the progress made by the company. Significant interest savings should result, although current periods will be impacted by non-recurring, extraordinary charges attendant to the cost of retiring certain of AMI's notes and debentures." He further observed that "the company's improved financial condition now permits the company to seriously consider broader acquisition and expansion opportunities."
 American Medical Holdings, Inc., through its subsidiaries, operates 35 acute care hospitals and one psychiatric hospital in the United States, with the largest concentrations in Texas, California and Florida. The company is headquartered in Dallas.
 -0- 4/21/93
 /CONTACT: Michael Murdock of American Medical Holdings, Inc., 214-360-6457/
 (AMI)


CO: American Medical Holdings, Inc.; American Medical Int'l ST: Texas IN: HEA SU: FNC

WB -- NY093 -- 8872 04/21/93 15:13 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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