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THE FOOTHILL GROUP INC. ANNOUNCES COMPLETION OF PUBLIC OFFERING

 THE FOOTHILL GROUP INC. ANNOUNCES COMPLETION OF PUBLIC OFFERING
 LOS ANGELES, May 13 /PRNewswire/ -- The Foothill Group Inc. (NYSE: FGI) announced today the completion of a public offering of 3,450,000 shares of common stock at $8-3/8 per share. Proceeds of the offering, which totaled $27,220,500, will be used for repayment of debt and for general corporate purposes. Mabon Securities Corp. and Stephens Inc. co-managed the offering. The 3,450,000 shares noted above include the shares from the exercise of the overallotment option by the underwriters.
 The Foothill Group Inc. is a financial services company engaged in the commercial finance and asset management businesses. Foothill Capital Corp., its largest subsidiary, provides asset-based financing secured by accounts receivable, inventory, equipment and other assets to businesses nationwide. Foothill Thrift and Loan specializes in providing commercial and industrial loans secured by real estate to small and medium-sized businesses in California. The Capital Markets Division (parent company) manages institutional limited partnerships which invest in the debt of companies which are in reorganization or in the process of restructuring.
 -0- 5/13/92
 /CONTACT: Henry K. Jordan, VP and CFO of The Foothill Group, 310-478-8383/
 (FGI) CO: The Foothill Group Inc. ST: California IN: FIN SU: OFR


EH-AL -- LA034 -- 9902 05/13/92 16:44 EDT
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Publication:PR Newswire
Date:May 13, 1992
Words:216
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