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OAKWOOD HOMES PLANS OFFERING OF SENIOR DEBENTURES

 OAKWOOD HOMES PLANS OFFERING OF SENIOR DEBENTURES
 GREENSBORO, N.C., Feb. 5 /PRNewswire/ -- Oakwood Homes Corporation


(NYSE: OH) announced today that it plans to file a registration statement in the near future for the public offering of up to $40 million aggregate principal amount of senior debentures.
 The senior debentures would be issued in one or more series from time to time, depending upon market conditions and other factors, pursuant to a shelf registration. Proceeds from the sale of the senior debentures would be used principally to support Oakwood's financing of its installment sales contracts.
 Oakwood Homes Corporation and its subsidiaries are engaged primarily in the production and sale of manufactured housing in North Carolina, South Carolina, Virginia, West Virginia, Tennessee, Georgia, Delaware, Kentucky and Ohio.
 -0- 2/5/92
 /CONTACT: C. Michael Kilbourne of Oakwood Homes, 919-855-2345/
 (OH) CO: Oakwood Homes Corporation ST: North Carolina IN: CST SU: OFR


CK -- NY073 -- 7322 02/05/92 15:35 EST
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Publication:PR Newswire
Date:Feb 5, 1992
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