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TPI ENTERPRISES ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION

 TPI ENTERPRISES ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION
 NEW YORK, Aug. 6 /PRNewswire/ -- TPI Enterprises, Inc. (NASDAQ-NMS: TPIE) announced today that the underwriters of its 8-1/4 percent convertible subordinated debentures due 2002 had exercised their entire over-allotment option to purchase an additional $6,750,000 principal amount of the 8-1/4 percent convertible debentures.
 TPI, one of the largest restaurant franchisees in the United States,currently owns and operates 250 restaurants including 172 Shoney's and 68 Captain D's in nine southern states.
 -0- 8/6/92
 /CONTACT: Joseph P. Gowan, executive vice president of TPI, 212-230-2233/
 (TPIE) CO: TPI Enterprises, Inc. ST: New York IN: LEI SU:


SH-TS -- NY015 -- 7417 08/06/92 08:45 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
Words:116
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