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BALLY MANUFACTURING CORPORATION ANNOUNCES COMMENCEMENT OF BALLY'S HEALTH & TENNIS CORPORATION SENIOR SUBORDINATED NOTE OFFERING

 CHICAGO, Jan. 19 /PRNewswire/ -- Arthur Goldberg, chairman and chief executive officer of Bally Manufacturing Corporation (NYSE: BLY) today announced the commencement of an offering by its indirect, wholly owned subsidiary, Bally's Health & Tennis Corporation of $200 million of 13 percent senior subordinated notes due 2003.
 Bally's Health & Tennis is the largest commercial operator of fitness centers in the United States in terms of revenues, memberships, and number and square footage of facilities. The offering is being made through Merrill Lynch & Co. and Bear, Stearns & Co. Inc.
 Bally Manufacturing is one of the world's foremost operators of casino hotels and fitness centers.
 -0- 1/19/93
 /CONTACT: Laurie Terry or Michael Kempner of MWW/Strategic Communications, 201-342-9500, for Bally Manufacturing Corporation/
 (BLY)


CO: Bally Manufacturing Corporation ST: Illinois IN: CNO SU: OFR

TS-PS -- NY009 -- 6123 01/19/93 08:04 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:140
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