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FINGERHUT COMPANIES, INC. COMPLETES PRIVATE PLACEMENT

 MINNEAPOLIS, Aug. 11 /PRNewswire/ -- Fingerhut Companies, Inc. (NYSE: FHT) announced that it has completed the private placement of $45 million of seven year notes with institutional investors. The proceeds from the note placement were used to refinance a $45 million bank loan which was arranged to fund the December 1992 repurchase of 1,500,000 shares of Fingerhut common stock from an affiliate of Primerica Corporation, Fingerhut's former parent company. Chemical Bank acted as placement agent on the transaction.
 Fingerhut Companies, Inc. one of the nation's largest catalog companies, sells brand name and private label merchandise primarily through direct mail to an active customer base of 13 million customers. The company employs approximately 8,500 people in Minnesota, Wisconsin and Tennessee. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT.
 -0- 8/11/93
 /CONTACT: Dan McAthie of Fingerhut Companies, Inc., 612-936-5569/
 (FHT)


CO: Fingerhut Companies, Inc. ST: Minnesota IN: REA SU: OFR

DB -- MN011 -- 1846 08/11/93 16:38 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:169
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