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U.S. HOME CORPORATION OBTAINS CONFIRMATION OF ITS PLAN OF REORGANIZATION

 HOUSTON, May 25 /PRNewswire/ -- U.S. Home Corporation (NYSE: UH) today announced that its plan of reorganization had been confirmed on May 24, 1993, by the United States Bankruptcy Court for the Southern District of New York.
 The plan will become effective and the company will emerge from Chapter 11 after certain conditions have been satisfied, including entry into a new working capital facility. It is presently contemplated that the effective date will occur during the latter part of June, simultaneously with the closing of the proposed public offering of $175 million principal amount of senior notes due 2003 to be underwritten by Dillon, Read & Co. Inc.
 Robert J. Strudler, chairman and chief executive officer, stated that implementation of the plan, together with the proposed public offering, will provide a new capital structure which will enable U.S. Home to continue its position as one of the nation's leading homebuilders.
 -0- 5/25/93
 /CONTACT: Kelly F. Somoza, vice president of U.S. Home Corporation, 713-877-2391/
 (UH)


CO: U.S. Home Corporation ST: Texas IN: CST SU: RCN

PS -- NY057 -- 2172 05/25/93 12:41 EDT
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Publication:PR Newswire
Date:May 25, 1993
Words:187
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