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LA PETITE HOLDINGS ISSUES SENIOR SECURED NOTES

 NEW YORK, July 19 /PRNewswire/ -- La Petite Holdings Corp. has issued $85 million of senior secured notes and $20 million of cumulative redeemable exchangeable preferred stock, both through BT Securities Corporation.
 The notes are priced at par to yield 9-5/8 percent. Rated `B3' and `B' by Moody's Investor Services and Standard & Poor's, respectively, the notes mature July 1, 2001 and are noncallable for four years.
 The preferred stock, at $25 per share, pays a dividend of 12-1/8 percent. Rated `CAA' and `B,' respectively, by Moody's and S&P, the preferred stock is subject to mandatory redemption in 10 years and may not be redeemed for five years.
 Proceeds from the offerings will be used in the acquisition of La Petite Academy, Inc. by La Petite Acquisition Corp. (formerly Vestar/LP Acquisition Corp.). La Petite Academy is the nation's secured largest system of child care and pre-school education centers.
 -0- 7/19/93
 /CONTACT: Thomas A. Parisi of La Petite Holdings Corp., 212-454-1686/


CO: La Petite Holdings Corp. ST: IN: SU: OFR

WB-OS -- NY076 -- 3150 07/19/93 14:35 EDT
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Date:Jul 19, 1993
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