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BANDO McGLOCKLIN FILES REGISTRATION STATEMENT FOR A PUBLIC OFFERING OF SERIES A PREFERRED STOCK

 BROOKFIELD, Wis., July 23 /PRNewswire/ -- Bando McGlocklin Capital Corporation (NASDAQ-NMS: BMCC) today announced the filing with the Securities and Exchange Commission of a registration statement for the public offering of 600,000 shares of Adjustable Rate Cumulative Preferred Stock, Series A, expected to occur in mid-September. The shares to be offered consist entirely of newly issued shares.
 Net proceeds from the offering will be initially used for repayment of debt of Bando McGlocklin Small Business Investment Corporation and other general corporate purposes.
 Founded in 1980, Bando McGlocklin Capital Corporation and its subsidiary, Bando McGlocklin Small Business Investment Corporation, provide long-term secured loans to finance the growth, expansion and modernization of small businesses in Wisconsin and the Midwest.
 A registration statement relating to these securities which has been filed with the Securities and Exchange Commission has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news 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. The offering will be made only by means of a prospectus.
 -0- 7/23/93
 /CONTACT: Cynthia Garland of Garland Public Relations, 414-238-1788, for Bando McGlocklin Capital/
 (BMCC)


CO: Bando McGlocklin Capital Corporation ST: Wisconsin IN: FIN SU: OFR

SB -- DE007 -- 5033 07/23/93 09:42 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:262
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