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FIRST USA, INC. PRICES OFFERING OF 4 MILLION COMMON SHARES, 3 MILLION BY EXISTING HOLDERS, 1 MILLION NEW SHARES BY COMPANY

 DALLAS, Feb. 17 /PRNewswire/ -- First USA, Inc. (NYSE: FUS) today announced an underwritten public offering of 4 million shares of its common stock at a price of $27.25 per share, pursuant to an effective registration statement.
 Of the total offering, 3 million shares are being offered by institutional stockholders who participated in the acquisition of the company in 1989. In addition, 1 million new shares are being offered by the company, which will use the estimated $24.9 in net proceeds to prepay a portion of the acquisition debt and for general corporate purposes. A total of 3.2 million shares are being offered within the United States and Canada, and 800,000 shares are being offered concurrently abroad. The selling stockholders have granted the underwriters a 30-day option to sell up to 600,000 additional shares of common stock at $27.25 per share to cover over-allotments.
 When the offering is completed, approximately 26.6 million shares will be outstanding. The company will not receive any of the proceeds from the sale of shares by the selling stockholders, and no shares are being sold by executive officers or directors.
 Merrill Lynch & Co. is acting as lead manager, and Bear, Stearns & Co. Inc. and Alex. Brown & Sons Incorporated are acting as co-managers of the offering.
 First USA, Inc. completed its initial public offering in May 1992. First USA, Inc. is a financial services company specializing in the credit card business and is among the largest providers of Visa and MasterCard services in the nation. First USA, Inc.'s two principal operating units are First USA Bank and First USA Merchant Services, Inc. First USA Bank provides Visa and MasterCard services nationwide and had more than 3.6 million credit cards issued at December 31, 1992. First USA Merchant Services, Inc. processes merchant credit card transactions for more than 158,000 merchant locations.
 -0- 2/17/93
 /CONTACT: George A. McCane of First USA, Inc., 214-746-8547/
 (FUS)


CO: First USA, Inc. ST: Texas IN: FIN SU: OFR

TM -- NY114 -- 7589 02/17/93 18:37 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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