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GLOBAL ACCEPTANCE COMPLETES FINANCING WITH TWO BIDCOS

 GLOBAL ACCEPTANCE COMPLETES FINANCING WITH TWO BIDCOS
 ANN ARBOR, Mich., May 28 /PRNewswire/ -- Global Acceptance


Corporation, an Ann Arbor commercial and governmental accounts receivable factoring firm, is pleased to announce that it has concluded mezzanine financing with two of Michigan's Business and Industrial Development Corporations (BIDCOs).
 The financing arrangements have been set for Global Acceptance Corporation with Jackson BIDCO, Inc., of Jackson, Mich., and Onset BIDCO, Inc., of Livonia, Mich., in the form of subordinated notes. Robert Shaw, president of Global Acceptance Corporation, made the announcement earlier this week and stated, "This mezzanine financing arrangement will allow Global to substantially increase its market share."
 -0- 5/28/92
 /CONTACT: Raymond C. Brennock of Global Acceptance Corporation, 313-971-1570/ CO: Global Acceptance Corporation ST: Michigan IN: FIN SU:


DH -- DE007 -- 4684 05/28/92 11:11 EDT
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Publication:PR Newswire
Date:May 28, 1992
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