Heller Financial to Redeem All Shares of 8-1/8% Cumulative Perpetual Senior Preferred Stock, Series A

Apr 11, 2001, 01:00 ET from Heller Financial, Inc.

    CHICAGO, April 11 /PRNewswire/ -- Heller Financial, Inc. (NYSE:   HF) today
 announced that all of the 5,000,000 outstanding shares of its 8-1/8%
 Cumulative Perpetual Senior Preferred Stock, Series A, will be redeemed on
 May 15, 2001.
     The redemption price will be $25.00 per share, plus accrued and unpaid
 dividends to the date of redemption payable to holders of record thereof on
 May 1, 2001.  Dividends will cease to accrue on the Redemption Date.
     The Company is sending a notice of redemption and letter of transmittal to
 registered holders of the shares.  EquiServe is the paying agent for the
 redemption price and may be contacted directly at 781-575-3400.
     Heller Financial, Inc., is a worldwide commercial finance company
 providing a broad range of sophisticated, collateralized financing solutions.
 With $20 billion in total assets, Heller offers equipment financing and
 leasing, sales finance programs, collateral and cash flow-based financing,
 financing for healthcare companies and financing for commercial real estate.
 The company also offers trade finance, factoring, asset-based lending, leasing
 and vendor finance products and programs to clients in Europe, Asia and Latin
 America.  Heller's common stock is listed as "HF" on the New York and Chicago
 Stock Exchanges.  Heller can be found on the World Wide Web at
 http://www.hellerfinancial.com .
 
 

SOURCE Heller Financial, Inc.
    CHICAGO, April 11 /PRNewswire/ -- Heller Financial, Inc. (NYSE:   HF) today
 announced that all of the 5,000,000 outstanding shares of its 8-1/8%
 Cumulative Perpetual Senior Preferred Stock, Series A, will be redeemed on
 May 15, 2001.
     The redemption price will be $25.00 per share, plus accrued and unpaid
 dividends to the date of redemption payable to holders of record thereof on
 May 1, 2001.  Dividends will cease to accrue on the Redemption Date.
     The Company is sending a notice of redemption and letter of transmittal to
 registered holders of the shares.  EquiServe is the paying agent for the
 redemption price and may be contacted directly at 781-575-3400.
     Heller Financial, Inc., is a worldwide commercial finance company
 providing a broad range of sophisticated, collateralized financing solutions.
 With $20 billion in total assets, Heller offers equipment financing and
 leasing, sales finance programs, collateral and cash flow-based financing,
 financing for healthcare companies and financing for commercial real estate.
 The company also offers trade finance, factoring, asset-based lending, leasing
 and vendor finance products and programs to clients in Europe, Asia and Latin
 America.  Heller's common stock is listed as "HF" on the New York and Chicago
 Stock Exchanges.  Heller can be found on the World Wide Web at
 http://www.hellerfinancial.com .
 
 SOURCE  Heller Financial, Inc.