Printer Friendly

GREEN TREE FINANCIAL CORPORATION ANNOUNCES CLOSING OF DEBT SECURITIES UNDER COMPANY'S NEW $1 BILLION SHELF REGISTRATION

GREEN TREE FINANCIAL CORPORATION ANNOUNCES CLOSING OF DEBT SECURITIES
 UNDER COMPANY'S NEW $1 BILLION SHELF REGISTRATION
 ST. PAUL, Minn., Sept. 23 /PRNewswire/ -- Green Tree Financial Corporation (NYSE: GNT) today announced that its initial sale of $254 million in debt securities collateralized by Green Tree manufactured housing contracts through its new $1 billion shelf registration has been completed. The shelf registration became effective Sept. 14. The current sale structure consisted of five senior debt classes and one subordinated class.
 "Previously, the company sold manufactured housing contracts through an investment banking firm's shelf registration which served as the selling vehicle," said John Brink, Green Tree's senior vice president and chief financial officer. "Green Tree's new filing gives us more flexibility with respect to the selling group as well as more marketing and name recognition with investors."
 Green Tree Financial Corporation makes loans to individuals in the 48 contiguous states for manufactured homes, home improvements and motorcycles. Green Tree currently services approximately 325,000 contracts totaling $5.3 billion in outstanding principal balances. Green Tree's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "GNT".
 -0- 9/23/92
 /CONTACT: John Mackay of Padilla Speer Beardsley, 612-871-8877 or 212-752-8338, for Green Tree Financial, or John W. Brink, Green Tree Financial, 612-293-3400/
 (GNT) CO: Green Tree Financial Corporation ST: Minnesota IN: FIN SU:


AL -- MN008 -- 2784 09/23/92 16:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 23, 1992
Words:234
Previous Article:SAN MARINO BECOMES MEMBER OF INTERNATIONAL MONETARY FUND
Next Article:ANHEUSER-BUSCH FILES $735 MILLION SHELF REGISTRATION
Topics:


Related Articles
GMAC $4.0 BILLION SENIOR DEBT SHELF REGISTRATION RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
GREEN TREE ACCEPTANCE ANNOUNCES COMMON STOCK REGISTRATION STATEMENT FILING
GREEN TREE FINANCIAL CORPORATION ANNOUNCES CREDIT FACILITY WITH LEHMAN BROTHERS; SALE OF NOTES UNDER $250 MILLION SHELF REGISTRATION
FIRST AMERICAN TO SELL $50 MILLION OF SUBORDINATED DEBT SECURITIES
CAPITAL HOLDING FILES SHELF REGISTRATION FOR NEARLY $300 MILLION OF DEBT SECURITIES
GREEN TREE FINANCIAL COMMON STOCK REGISTRATION STATEMENT FILING
GREEN TREE FINANCIAL CORPORATION ANNOUNCES FILING FOR SALE OF NET INTEREST MARGIN CERTIFICATES
SUNAMERICA INC. FILES UNIVERSAL SHELF REGISTRATION STATEMENT
Providian Files Shelf Registration For $389 Million Of Debt Securities
SunAmerica Inc. Files Universal Shelf Registration Statement

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters