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UNDERWRITERS OFFER 5,000,000 SHARES OF 8 1/8 PERCENT CUMULATIVE SENIOR PERPETUAL PREFERRED STOCK OF HELLER FINANCIAL, INC. AT $25 PER SHARE

UNDERWRITERS OFFER 5,000,000 SHARES OF 8 1/8 PERCENT CUMULATIVE SENIOR

PERPETUAL PREFERRED STOCK OF HELLER FINANCIAL, INC. AT $25 PER SHARE
 NEW YORK, Sept. 15 /PRNewswire/ -- Goldman, Sachs & Co., Lehman Brothers and Merrill Lynch & Co., as co-managers of the underwriting group, announced today the public offering of 5,000,000 shares of 8 1/8 percent cumulative senior perpetual preferred stock of Heller Financial, Inc. at a price of $25 per share. Application has been made to list the preferred stock on the New York Stock Exchange.
 The shares of preferred stock are not redeemable prior to the eighth anniversary of the date of issue. On or after the eighth anniversary of the date of issue, the preferred stock will be redeemable at the option of the company, in whole or in part, at a redemption price of $25 per share, plus accrued and unpaid dividends.
 Net proceeds from the sale of the preferred stock will be added to the general funds of the company and will be available for the repayment of borrowings and for other corporate purposes.
 Heller Financial, Inc., headquartered in Chicago, operates in only one industry segment, commercial finance. The company lends primarily on a collateralized basis to middle market borrowers through three primary operating groups: Leveraged Funding, Real Estate Financial Services and Current Asset Management.
 -0- 9/15/92
 /CONTACT: Ronald C. Mishler of Heller Financial, 312-441-7034/ CO: Heller Financial, Inc. ST: Illinois IN: FIN SU: OFR


TM -- NY075 -- 9800 09/15/92 16:32 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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