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GREEN TREE FINANCIAL CORPORATION ANNOUNCES INCREASED CREDIT FACILITY

 ST. PAUL, Minn., May 3 /PRNewswire/ -- Green Tree Financial Corporation (NYSE: GNT) today announced that it has increased the size of its borrowing agreement with Lehman Brothers to $350 million from $250 million, and extended the agreement to April 30, 1994. The borrowing facility was increased to accommodate Green Tree's growing loan production.
 Including the $100 million increase, Green Tree now has $810 million in short-term borrowing facilities. These are used to finance the Company's loan production before the loans are pooled and asset backed securities are sold in the public and private markets.
 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 350,000 contracts totaling $5.8 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- 5/3/93
 /CONTACT: John W. Brink of Green Tree Financial Corporation 612-293-3400; or John Mackay of Padilla Speer Beardsley, 612-871-8877, for Green Tree/
 (GNT)


CO: Green Tree Financial Corporation ST: Minnesota IN: FIN SU:

KH -- MN011 -- 3761 05/03/93 11:48 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:193
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