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HALLMARK HEALTHCARE CORPORATION ANNOUNCES EXTENSION OF TENDER OFFER

HALLMARK HEALTHCARE CORPORATION ANNOUNCES EXTENSION OF TENDER OFFER
 ATLANTA, Oct. 28 /PRNewswire/ -- Hallmark Healthcare Corporation today announced that it has extended through Nov. 13 the period during which holders of its 14-1/2 percent Subordinated Debentures due Nov. 1, 1997, may tender their debentures to the company for cash at a price of not less than $800 nor in excess of $1,000 per $1,000 principal amount of debentures.
 The company said that through Oct. 28 it had received tenders for $28,000 principal amount of its debentures pursuant to the tender offer. The company also said that, in the event it receives tenders which would utilize less than all of the $800,000 the company has allocated for the tender offer, it has not determined what actions it will take with respect to either the unexpended balance of such funds or to restructure the remaining debentures.
 -0- 10/28/92
 /CONTACT: Robert M. Thornton Jr., executive vice president and chief financial officer of Hallmark Healthcare, 404-933-5500/ CO: Hallmark Healthcare Corporation ST: Georgia IN: HEA SU: OFR


EA-BN -- AT018 -- 6287 10/28/92 17:32 EST
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Publication:PR Newswire
Date:Oct 28, 1992
Words:187
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