<PAGE>
Rule 424(b)(3)
File No. 33-58716
Pricing Supplement No. 15 Dated: August 17, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)
U.S.$2,500,000,000
HELLER FINANCIAL, INC.
MEDIUM-TERM NOTES, SERIES F
(REGISTERED NOTES - FLOATING RATE NOTE)
DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE
Principal Amount: $ 25,000,000 Issue Price: 100 %
Original Issue Date: 8/22/94 Stated Maturity Date: 6/21/96
Form: [ ] Book-Entry [X] Certificated
Depositary: Not Applicable
Specified Currency: U.S. Dollars
(If other than U.S. Dollars, see attached)
Minimum Denominations: This Note shall be issued only in a minimum
denomination of $25,000,000
Base Rate: [ ] Commercial Paper Rate [X] LIBOR [ ] Treasury Rate
[ ] Federal Funds Rate [ ] Prime Rate [ ] Other:
Calculation Agent: Lehman Brothers Special Financing Inc.
Interest Reset Period: Monthly
Interest Payment Period: Monthly, in arrears
Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
The 21st of each Month commencing on September 21, 1994, until maturity.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) The 21st of each Month commencing September 21, 1994,
until maturity.
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Rule 424(b)(3)
File No. 33-58716
Pricing Supplement No. 15 Dated: August 17, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)
Interest Determination Date(s): Two Business Days immediately preceding the
applicable day or Interest Reset Date, as the case may be.
First Forecast Rate: Base Rate on August 18, 1994
Second Forecast Rate: Forecast Rate on August 18, 1994.
Index Maturity: 3 - month.
Day Count Convention: Actual/360
Spread (+/-): + .38%
Interest Rate Calculation: The interest rate applicable to each Interest Payment
Period will be calculated by adding: (1) the result obtained by multiplying the
Base Rate plus the Spread by the quotient of: (a) the number of days in the
Interest Payment Period for which LIBOR (determined for each day of such
Interest Payment Period) is a rate which is between (i) the rate which is equal
to or greater than the Forecast Rate (as defined below) less 0.25% and (ii) the
rate which is equal to or less than Forecast Rate plus 0.50%, divided by (b) the
actual number of days in the Interest Payment Period, plus (2) the result
obtained by multiplying 3.00% by the quotient of: (a) the number of days in the
Interest Payment Period for which LIBOR (determined for each day of such
Interest Payment Period) is a rate which is not between (i) the rate which is
equal to or greater than the Forecast Rate less 0.25% and (ii) the rate which is
equal to or less than Forecast Rate plus 0.50%, divided by (b) the actual number
of days in the Interest Payment Period.
The Forecast Rate for any Interest Payment Period shall be the rate which the
Registered Holder of the Note ("Holder"), through a duly authorized officer,
communicates to the Calculation Agent by facsimile transmission, confirmed by
telephone, between the hours of 9:00 a.m. to 3:00 p.m., New York time, on the
Interest Determination Date preceding the second Interest Reset Date preceding
such Interest Payment Period. If the Holder does not notify the Calculation
Agent of its choice of Forecast Rate during the prescribed time period, the
Forecast Rate for the Interest Payment Period related to such Interest
Determination Date shall be equal to the Base Rate on the first Interest
Determination Date preceding the Interest Reset Date preceding the applicable
Interest Payment Period.
The Calculation Agent's facsimile and telephone number for such notice are (212)
528-6923 and (212) 526-8586, respectively. Notice should be directed to the
attention of Manager, Notice Generation at the above telephone numbers unless
Agent notifies Holder otherwise in writing.
Notwithstanding the above, the Forecast Rate for the Interest Payment Period
commencing on August 22, 1994 and ending on September 20, 1994 shall be equal to
the First Forecast Rate and the Forecast Rate for the Interest Payment Period
commencing on September 21, 1994 and ending on October 20, 1994 shall be equal
to the Second Forecast Rate.
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<PAGE>
Rule 424(b)(3)
File No. 33-58716
Pricing Supplement No. 15 Dated: August 17, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)
The Calculation Agent shall notify the Company and Paying Agent of the Forecast
Rate, interest rate calculation, and resulting interest payment due for each
Interest Payment Period on the earliest practicable date, but in no event later
than the opening of business on the last day of such Interest Payment Period.
Optional Redemption: [ ] Yes [X] No
Optional Repayment: [ ] Yes [X] No
Repayment Provisions: N/A
(If other than as specified in the Prospectus Supplement)
Discount Note: [ ] Yes [X] No
Exchange Rate Agent: N/A
Recognized Foreign Exchange Dealers: N/A
Discount or Commission: .0%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO.
15, UNDER MTN-SERIES F PROGRAM: $362,000,000
b) CUSIP #: 42333HDW9
c) The Issuer anticipates that a like principal amount of the
Medium-Term Notes, Series F described in Pricing Supplement
No. 12 will be sold to the Company at par in exchange for the
sale by the Company at par of the Notes offered in this
Pricing Supplement No. 15 and in Pricing Supplement No. 16.
The issuance of the Notes offered hereby will be contingent
on such purchases and sales taking place.
Agent: Lehman Brothers
Three World Financial Center
12th Floor
New York, New York 10285
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