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HEILIG-MEYERS FILES FOR OFFERING WITH SEC

 RICHMOND, Va., April 20 /PRNewswire/ -- Heilig-Meyers Company (NYSE: HMY), the Richmond-based home furnishings retailer, today filed with the Securities and Exchange Commission for an offering of 2 million common shares of $2 par value to be sold by the company. Of the 2 million shares being offered, 1.6 million are being offered in the United States, and 400,00 are being offered internationally. The filing also includes an additional 300,000 shares subject to underwriters' over-allotment options.
 All the shares offered will be newly issued shares sold by Heilig- Meyers Company. Proceeds will be used to retire indebtedness to support planned growth and for general corporate purposes.
 The U.S. portion of the offering will be managed by Goldman, Sachs & Co., William Blair & Company, A.G. Edwards & Sons, Inc., and Wheat First Butcher & Singer Capital Markets. The international portion of the offering will be managed by Goldman Sachs International Limited, William Blair & Company, A.G. Edwards & Sons, Inc., and Wheat First Butcher & Singer Capital Markets.
 Heilig-Meyers Company, a specialty retailer of furniture and home furnishings, operates 434 stores in 16 states primarily in the Southeast and Midwest.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/20/93
 /CONTACT: Roy Goodman of Heilig-Meyers, 804-359-9171/
 (HMY)


CO: Heilig-Meyers Company ST: Virginia IN: REA SU: OFR

DC-KD -- DC019 -- 8036 04/20/93 11:50 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:314
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