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PERKINS FAMILY RESTAURANTS, L.P. AND BELL ATLANTIC CAPITAL CORPORATION ANNOUNCE NEW FRANCHISE FINANCING PROGRAM

 MEMPHIS, Tenn., Sept. 15 /PRNewswire/ -- Perkins Family Restaurants, L.P. (NYSE: PFR) and Bell Atlantic Capital Corporation today announced a franchise financing program for both existing and prospective franchisees of the family restaurant chain supported by Perkins' limited guaranty.
 Perkins has arranged through Bell Atlantic Capital Corporation a $17,000,000 pool of funds dedicated to financing the acquisition of land, building and equipment for new franchised Perkins Family Restaurants. The arrangement provides for loan terms of up to 15 years with both fixed and variable rates of interest and equipment lease terms up to 7 years. Bell Atlantic Capital Corporation is a lender with 10 years of franchise experience.
 The pool is available to all qualifying Perkins franchisees and Bell Atlantic has significantly streamlined and simplified the application process to provide expedited reviews of financing requests under the program.
 "This program is an exciting new addition to the many services Perkins provides its franchisees. The $17,000,000 commitment from Bell Atlantic will ensure a significant financing pool is readily available to both existing and new franchisees, which will help fuel the continued growth of our franchising business," said Richard K. Arras, president and chief operating officer.
 As of Aug. 31, 1993, Perkins Family Restaurants, L.P., a Delaware Limited Partnership, owned and operated 125 Perkins Family Restaurants and franchised an additional 294 restaurants in 32 states and Canada.
 -0- 9/15/93
 /CONTACT: Joe Colonnetta Jr., Vice President-Finance, Perkins Family Restaurants, 901-766-6400/
 (PFR)


CO: Perkins Family Restaurants, L.P.; Bell Atlantic Capital Corporation ST: Tennessee IN: LEI FIN SU:

SB -- CH006 -- 2199 09/15/93 11:36 EDT
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Publication:PR Newswire
Date:Sep 15, 1993
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