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FOOTHILL GROUP'S SUBSIDIARY COMPLETES $15 MILLION PRIVATE PLACEMENT

FOOTHILL GROUP'S SUBSIDIARY COMPLETES $15 MILLION PRIVATE PLACEMENT
 LOS ANGELES, Feb. 5 /PRNewswire/ -- The Foothill Group Inc. (NYSE: FGI) announced today that Foothill Capital Corp., its largest subsidiary, has issued $15 million in senior notes to institutional lenders. The private placement consists of $5 million of 8.51 percent senior notes due in January 1995, $5 million of 8.98 percent senior notes due in January 1996 and $5 million of 9.44 percent senior notes due in January 1997.
 David C. Hilton, executive vice president and chief financial officer of Foothill Capital, stated, "We are pleased to complete this placement of medium-term senior notes and continue our program of lengthening debt maturities. We expect to return to the private placement market again during 1992."
 The Foothill Group specializes in providing innovative financial services through its three highly specialized yet complementary operating units. Foothill Capital offers asset-based financing tailored to businesses whose credit needs require sophisticated loan programs. Foothill Thrift specializes in fully secured commercial and industrial loans. The Capital Markets Division focuses on asset management and arbitrage trading activities.
 -0- 2/5/92
 /CONTACT: Henry K. Jordan, VP & CFO of The Foothill Group, 310-478-8383/
 (FGI) CO: The Foothill Group Inc. ST: California IN: FIN SU:


AL -- LA019 -- 7248 02/05/92 13:43 EST
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Publication:PR Newswire
Date:Feb 5, 1992
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