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HOME HOLDINGS EXTENDS EXPIRATION DATE OF TENDER OFFER AND CONSENT SOLICITATION FOR SENIOR SUBORDINATED NOTES

 HOME HOLDINGS EXTENDS EXPIRATION DATE OF TENDER OFFER AND
 CONSENT SOLICITATION FOR SENIOR SUBORDINATED NOTES
 NEW YORK, May 12 /PRNewswire/ -- Home Holdings Inc. has announced under the conditions set forth in its offer to purchase and consent solicitation, dated April 10, 1992, it is extending the expiration date of its tender offer and consent solicitation for its 14 7/8 percent senior subordinated notes due 1998, from 5:00 p.m., New York City time, on May 11, 1992, to 5:00 p.m., New York City time, on May 13, 1992.
 Home Holdings Inc. is the successor under the notes to AmBase Corporation, from whom Home Holdings Inc. acquired the Home Insurance Company and its subsidiaries in February 1991.
 Home Holdings Inc. continues to offer $1,130 per $1,000 principal amount of the notes, plus accrued interest up to the expiration date of the offer. All other terms and conditions of the offer, including the minimum tender condition (a majority of the aggregate outstanding principal amount of notes) remain unchanged. As of the close of business on May 11, 1992, $28,747,000 principal amount of notes (representing approximately 46.35 percent of the aggregate outstanding notes) had been validly tendered pursuant to the applicable offer and not withdrawn.
 -0- 5/12/92
 /CONTACT: Jon Kelly of Donaldson, Lufkin & Jenrette, 212-504-3980, for Home Holdings/ CO: Home Holdings Inc. ST: New York IN: SU:


TQ -- NY035 -- 9019 05/12/92 10:12 EDT
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Publication:PR Newswire
Date:May 12, 1992
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