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LEVITZ FURNITURE INCORPORATED EXTENDS TENDER OFFER FOR ALL SENIOR DEFERRED COUPON DEBENTURES DUE 2002

 BOCA RATON, Fla., June 24 /PRNewswire/ -- Levitz Furniture Incorporated, formerly LFC Holding Corporation, announced today that it had extended its cash tender offer to purchase all of its outstanding Senior Deferred Coupon Debentures due 2002 to 6 p.m., New York City time, on June 30, 1993, unless further extended. A total of $135,234,000 principal amount of Deferred Debentures (94 percent of the outstanding Deferred Debentures after giving effect to the exercise of the Warrants) had been tendered as of 6 p.m. on June 23, 1993.
 Warrants to acquire Deferred Debentures for no additional consideration became exercisable upon announcement of the offer and all unexercised Warrants will expire at 5 p.m., New York City time, on June 29, 1993.
 Donaldson, Lufkin & Jenrette Securities Corporation is the Dealer Manager for the offer.
 -0- 6/24/93
 /CONTACT: Patrick J. Nolan, senior vice president Finance & treasurer of Levitz Furniture Incorporated, 407-994-5151/


CO: Levitz Furniture Incorporated ST: Florida IN: REA SU:

JB -- FL002 -- 5164 06/24/93 08:43 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:171
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