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ALLNET COMMUNICATIONS ANNOUNCES PUBLIC OFFERING

 BINGHAM FARMS, Mich., May 20 /PRNewswire/ -- Allnet Communication Services, Inc., a wholly owned subsidiary of ALC Communications Corporation (AMEX: ALC), announced that a public offering of $85 million of its 9 Percent Senior Subordinated Notes (the "Notes") due 2003 became effective today. The Notes were priced to yield 9.125 percent and are non-callable for five years. The Notes will be unconditionally guaranteed on a senior subordinated basis by ALC(R), the parent of Allnet(R). The Notes will be traded on the American Stock Exchange under the symbol ALC.A. The managing underwriters for the offering are PaineWebber Incorporated, Goldman, Sachs & Co. and Wheat First Butcher & Singer Capital Markets.
 For a written prospectus containing information on the offering, contact the company or PaineWebber Incorporated, Prospectus Department, at 201-902-7341.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 ALC Communications Corporation common stock is traded on the American Stock Exchange under the symbol ALC. Allnet, the wholly owned operating subsidiary of ALC, provides long-distance products and services to more than 256,000 customers nationwide. The company is headquartered in Bingham Farms, and employs 1,500 people nationwide.
 -0- 5/20/93
 /CONTACT: David J. Thomas, vice president and treasurer, ALC Communications, 313-433-4935/
 (ALC)


CO: ALC Communications Corporation; Allnet Communication Services, Inc. ST: Michigan IN: TLS SU: OFR

SB -- DE031 -- 0897 05/20/93 15:51 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:270
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