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TELCO CAPITAL CORPORATION EXTENDS OFFER

 TELCO CAPITAL CORPORATION EXTENDS OFFER
 CHICAGO, April 27 /PRNewswire/ -- To allow for delays in delivery


of documentation, Telco Capital Corporation ("Telco") is extending the tender offer for its subordinated debentures for one additional business day. The offer and the proration period will now expire at midnight, Chicago time, Monday, April 27, 1992, unless further extended. No other changes are being made in the offer.
 As of this date, of a total outstanding principal amount of approximately $4,430,000, debentures aggregating $3,290,000 have been tendered pursuant to the offer, including $221,000 tendered by affiliates of Telco. Telco is attempting to obtain financing to enable it to repurchase all of the tendered debentures, but as yet it has been unable to do so.
 -0- 4/27/92
 /CONTACT: Gerald Tierney of Telco Capital Corporation, 312-751-2990/ CO: Telco Capital Corporation ST: Illinois IN: SU: OFR


AW-JJ -- FL002 -- 2966 04/27/92 09:09 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
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