ICON Health & Fitness and IHF Holdings make announcements

Business Wire, May 12, 1995

LOGAN, Utah--(BUSINESS WIRE)--May 12, 1995--ICON Health & Fitness Inc., the largest manufacturer of home fitness equipment in the world, Friday announced that its offer to exchange its 13 percent senior subordinated notes due 2002, Series B, for any and all of its outstanding 13 percent senior subordinated notes due 2002, Series A, has been extended to 5 p.m. EDT on Wednesday, May 17, 1995.

Notes representing approximately $44,220,000 in aggregate principal amount of 13 percent senior subordinated notes due 2002, Series A, had been validly tendered and not withdrawn as of 10 a.m. EDT on May 12, 1995.

IHF Holdings Inc. announced today that its offer to exchange its 15 percent senior secured discount notes due 2004, Series B, for any and all of its outstanding 15 percent senior secured discount notes due 2004, Series A, has been extended to 5 p.m. EDT on Wednesday, May 17, 1995.

Notes representing approximately $55,975,000 in aggregate principal amount at maturity of 15 percent senior secured discount notes due 2004, Series A, had been validly tendered and not withdrawn as of 10 a.m. EDT on May 12, 1995.

CONTACT: Fleet Bank of Massachusetts, N.A.

Corporate Trust Department, Boston

Franklin Cockrell, 617/346-1641