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LEVITZ FURNITURE INCORPORATED EXTENDS TENDER OFFER FOR ALL SENIOR DEFERRED COUPON DEBENTURES DUE 2002

 BOCA RATON, Fla., June 16 /PRNewswire/ -- Levitz Furniture Incorporated, formerly LFC Holding Corporation, announced today that it had extended its cash tender offer to purchase all of its outstanding Senior Deferred Coupon Debentures due 2002 to 6 p.m., New York City time, on June 16, 1993, unless further extended. A total of $135,734,000 principal amount of Deferred Debentures (93 percent of the outstanding Deferred Debentures after giving effect to the exercise of the Warrants) had been tendered as of midnight on June 15, 1993.
 In connection with the offer, the company is also extending to 6 p.m., New York City time, on June 16, 1993, unless further extended, its solicitation of consents from the holders of the Deferred Debentures to modify certain terms of the indenture under which the Deferred Debentures were issued.
 Warrants to acquire Deferred Debentures for no additional consideration became exercisable upon announcement of the offer and all unexercised Warrants will expire at 5 p.m., New York City time, on June 29, 1993.
 Donaldson, Lufkin & Jenrette Securities Corporation is the Dealer Manager for the offer.
 -0- 6/16/93
 /CONTACT: Patrick J. Nolan, senior vice president-Finance & treasurer of Levitz Furniture Incorporated, 407-994-5151/


CO: Levitz Furniture Incorporated ST: Florida IN: REA SU:

JB -- FL001 -- 2489 06/16/93 09:06 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:218
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