Exhibit 99.2

   The FINOVA Group Inc. Provides Additional Details Regarding Proposed Debt
                                 Restructuring

SCOTTSDALE, Ariz., Feb. 28 /PRNewswire/ -- The FINOVA Group Inc. (NYSE: FNV)
announced yesterday a $6 billion loan commitment from Berkshire Hathaway Inc.,
Leucadia National Corporation and Berkadia LLC to FINOVA Group's principal
subsidiary, FINOVA Capital Corporation, in connection with a restructuring of
all of FINOVA Capital's outstanding bank and publicly traded debt securities.
The information in this press release is intended to provide additional details
regarding the proposed restructuring. As previously disclosed, the restructuring
will be accomplished pursuant to proceedings under Chapter 11 of the United
States Bankruptcy Code. In order to facilitate the restructuring, FINOVA Group
expects that FINOVA Group, FINOVA Capital and certain other subsidiaries,
including FINOVA Finance Trust, will file petitions for Chapter 11
reorganization.

Subject to necessary approval of creditors and the bankruptcy court, FINOVA
Capital will use proceeds of the $6 billion senior secured five-year term loan
to pay down, at par value, its existing bank and publicly traded indebtedness on
a pro rata basis. The balance of FINOVA Capital's bank and bond indebtedness
will be restructured into approximately $5 billion of new ten-year senior notes
of FINOVA Group.

The commitment sets forth the principal terms of the proposed term loan to
FINOVA Capital and senior notes of FINOVA Group. A copy of the commitment is
being filed by FINOVA Group as one of the exhibits to a Current Report on Form
8-K to be filed today with the Securities and Exchange Commission. More detailed
information about the proposed terms of the financings is included in the
commitment.

The term loan will be secured by all assets of FINOVA Capital and will bear
interest at an annual rate equal to the greater of 9% or LIBOR plus 3%. Interest
on the term loan will be payable quarterly. In addition, an annual facility fee
will be payable at the rate of 25 basis points on the outstanding principal
amount of the term loan. After payment of accrued interest on the term loan and
operating and other corporate expenses, providing for reserves and payment of
accrued interest on the FINOVA Group senior notes, 100% of excess cash flow and
net proceeds from asset sales will be used to make mandatory prepayments of
principal on the term loan without premium. Any remaining principal and accrued
and unpaid interest on the term loan will be due at maturity. The term loan will
be guaranteed on a secured basis by FINOVA Group and substantially all
subsidiaries of FINOVA Group and FINOVA Capital.

The senior notes will bear interest, payable semi-annually out of available
cash, at the weighted average rate of FINOVA Capital's currently outstanding
bank and bond debt and will be secured by a second priority security interest in
the stock of FINOVA Capital and FINOVA Group's other assets. Enforcement of the
senior note security interests will not be allowed until the term loan is paid
in full. Available cash from FINOVA Capital, after paying accrued interest on
the term loan and operating and other corporate expenses and providing for
reserves, will be used to pay accrued interest on the senior notes. No payments
of principal will be made on the senior notes until the term loan is paid in
full. After payment in full of the term loan, available cash flow from FINOVA
Capital, after paying operating and other corporate expenses, providing for
reserves and paying accrued interest on the senior notes, will be used first to
fund a reserve to pay dividends on FINOVA


Group's outstanding Trust Originated Preferred Securities and then to make semi-
annual prepayments of principal on the senior notes and distributions to FINOVA
Group common stockholders. 95% of the remaining available cash will be used for
principal payments on the senior notes and 5% will be used for distributions to
stockholders. After payment in full of the outstanding principal of the senior
notes, 95% of any available cash of FINOVA Capital will be used to pay
additional interest to senior noteholders in an aggregate amount up to $100
million.

Completion of the transactions contemplated by the commitment is subject to
negotiation and approval of definitive loan documentation, Berkadia's approval
of the terms and conditions of FINOVA Group's and FINOVA Capital's restructuring
plan and bankruptcy court and necessary creditor approval of the plan of
reorganization.

Pursuant to its announced moratorium on repayment of principal on its
outstanding bank and bond debt, FINOVA Capital did not make a $50 million
principal payment due February 27, 2001 on its 5.98% Notes due 2001. FINOVA
Capital did pay accrued interest on those notes.

The FINOVA Group Inc., through its principal operating subsidiary, FINOVA
Capital Corporation, is a financial services company focused on providing a
broad range of capital solutions primarily to midsize business. FINOVA is
headquartered in Scottsdale, Ariz., with business development offices throughout
the U.S. and London, U.K., and Toronto, Canada. For more information, visit the
company's website at www.finova.com.

This news release contains forward-looking statements such as predictions or
forecasts. FINOVA assumes no obligation to update those statements to reflect
actual results, changes in assumptions or other factors. The forward- looking
statements are subject to known and unknown risks, uncertainties and other
factors that could cause actual results to differ materially from those
projected. Those factors include FINOVA's ability to address its financing
requirements in light of its existing debt obligations and market conditions;
pending and potential litigation related to charges to earnings; the results of
efforts to implement FINOVA's business strategy, including the ability to
complete a debt restructuring and the transaction noted above; the ability to
attract and retain key personnel and customers; conditions that adversely impact
FINOVA's borrowers and their ability to meet their obligations to FINOVA; actual
results in connection with continuing or discontinued operations; the adequacy
of FINOVA's loan loss reserves and other risks detailed in FINOVA's SEC reports,
including page 15 of FINOVA's 10-K for 1999.


SOURCE The FINOVA Group Inc.

CONTACT: Stuart Tashlik of FINOVA, 480-636-5355/