Printer Friendly

GREEN TREE ACCEPTANCE ANNOUNCES COMMON STOCK REGISTRATION STATEMENT FILING

 GREEN TREE ACCEPTANCE ANNOUNCES COMMON STOCK
 REGISTRATION STATEMENT FILING
 ST. PAUL, Minn., Feb. 21 /PRNewswire/ -- Green Tree Acceptance, Inc. (NYSE: GNT) announced the filing yesterday of a registration statement with the Securities and Exchange Commission for a proposed offering of 3 million shares of common stock to the public. The registration statement includes an underwriters' over-allotment option for an additional 450,000 shares. The company will use the net proceeds of the offering to purchase all of the company's outstanding preferred stock held by the Resolution Trust Corporation (RTC) and for other corporate purposes. The lead underwriters are Merrill Lynch & Co., and The First Boston Corporation.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
 Copies of this offering prospectus, subject to completion, may be obtained by contacting Merrill Lynch & Co., World Financial Center, North Tower, New York, New York 10281-1320; or The First Boston Corporation, Park Avenue Plaza, 55 East 52nd Street, New York, N. Y. 10055-0001.
 Green Tree Acceptance purchases, pools, sells, and services conditional sales contracts for manufactured homes, home improvements and motorcycles through 42 regional offices nationwide. It currently services approximately 320,000 accounts aggregating approximately $5.3 billion. Green Tree's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "GNT."
 -0- 2/21/92
 /CONTACT: John W. Brink of Green Tree Acceptance, 612-293-3400, or John Mackay of Padilla Speer Beardsley, 612-871-8877, for Green Tree/
 (GNT) CO: Green Tree Acceptance, Inc. ST: Minnesota IN: FIN SU:


DS -- MN001 -- 1271 02/21/92 09:04 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 21, 1992
Words:342
Previous Article:HOLLAND AMERICA LINE OFFERS SPECIAL SAVINGS OF UP TO $1,000 PER COUPLE ON MS WESTERDAM SEVEN-DAY CRUISES FROM FT. LAUDERDALE
Next Article:UNEMPLOYED SAN FRANCISCO EXECUTIVE BRUCE QUARTON WILL APPEAR ON 'LIVE WITH REGIS & KATHIE LEE,' FEB. 24-28, AS PART OF ITS 'WORK WANTED WEEK'
Topics:


Related Articles
GREEN TREE ACCEPTANCE ANNOUNCES EXCHANGE OFFER AND ADDITIONAL INFORMATION REGARDING STATUS OF LITIGATION WITH RESOLUTION TRUST
GREEN TREE ACCEPTANCE ANNOUNCES INTENT TO FILE REGISTRATION
GREEN TREE ACCEPTANCES DECLARES CASH DIVIDEND
GREEN TREE ACCEPTANCE DECLARES CASH DIVIDEND
GREEN TREE FINANCIAL CORPORATION ANNOUNCES CLOSING OF DEBT SECURITIES UNDER COMPANY'S NEW $1 BILLION SHELF REGISTRATION
REGIONAL ACCEPTANCE CORPORATION FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
WORLD ACCEPTANCE CORPORATION FILES REGISTRATION STATEMENT FOR SECONDARY PUBLIC OFFERING OF COMMON STOCK
GREEN TREE FINANCIAL COMMON STOCK REGISTRATION STATEMENT FILING
GREEN TREE FINANCIAL CORPORATION ANNOUNCES FILING FOR SALE OF NET INTEREST MARGIN CERTIFICATES
JAYHAWK ACCEPTANCE CORPORATION FILES REGISTRATION STATEMENT COVERING PREVIOUSLY ANNOUNCE 2,500,000 SHARE OFFERING

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters