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

 BOCA RATON, Fla., June 17 /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 23, 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 6 p.m. on June 16, 1993.
 The company also announced that it had obtained the requisite consents to the modification of certain terms of the indenture under which the Deferred Debentures were issued and was, therefore, not extending its solicitation of consents from the holders of the Deferred Debentures. The company has executed a supplemental indenture with respect to the Deferred Debentures which will become operative upon the acceptance by the company of the Deferred Debentures tendered in the offer. No consent payments will be made to holders who tender their Deferred Debentures after the execution of the supplemental indenture.
 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- 6/17/93
 /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 -- 2910 06/17/93 08:47 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:264
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