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HUFFY CORPORATION TO REDEEM 7-1/4 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2014

 DAYTON, Ohio, Sept. 27 /PRNewswire/ -- Huffy Corporation (NYSE: HUF) announced today that it has called for redemption of all of its approximately $30 million 7-1/4 percent Convertible Subordinated Debentures Due 2014. The redemption date is Oct. 27, 1993, and the redemption price is 104.35 percent, plus interest accrued through Oct. 27, 1993. Interest will cease to accrue after Oct. 27.
 Debentures are convertible, at the election of the holders any time on or prior to the redemption date, into Huffy Corporation Common Stock at the rate of 65.789 shares per $1,000 principal amount of Debentures. To the extent Debentures are fully converted, such conversion will not impact the number of fully diluted shares of Common Stock outstanding or fully diluted earnings per share and will improve the cash flow of Huffy Corporation. If all of the outstanding Debentures are converted into Common Stock, Huffy Corporation will issue approximately 2 million shares of Common Stock. Huffy Corporation has approximately 12.6 million shares of Common Stock currently outstanding.
 The record date for Huffy Corporation's next regular quarterly cash dividend is Oct. 15, 1993. Common Stock issued with respect to Debentures converted on or before Oct. 15, 1993, will be entitled to receive such dividend.
 The redemption agent and conversion agent for this transaction is Bank One, Indianapolis, N.A., 111 Monument Circle, Suite 1611, Indianapolis, Ind. 46277.
 Huffy Corporation is a diversified manufacturer and supplier of bicycles, basketball backboards, lawn and garden tools, juvenile products, and inventory, assembly and supplier services.
 -0- 9/27/93
 /CONTACT: Pamela J. Whipps, assistant treasurer and manager investor relations, Huffy Corporation, 513-866-6251/
 (HUF)


CO: Huffy Corporation ST: Ohio IN: LEI SU:

AR -- CL022 -- 6105 09/27/93 17:18 EDT
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Publication:PR Newswire
Date:Sep 27, 1993
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