SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 22, 1998
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GT INTERACTIVE SOFTWARE CORP.
(Exact name of registrant as specified in its charter)
DELAWARE 0-27338 13-3689915
(State or other jurisdiction of (Commission file number) (I.R.S. employer
incorporation or organization) identification no.)
417 FIFTH AVENUE, NEW YORK, NY 10016
(Address of principal executive offices) (Zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 726-6500
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ITEM 5. OTHER EVENTS
On July 22, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1.
ITEM 7. EXHIBITS
99.1 Press Release dated July 22, 1998.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GT INTERACTIVE SOFTWARE CORP.
Date: July 22, 1998 By: /s/ Andrew Gregor
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Andrew Gregor
Chief Financial Officer
Exhibit 99.1
NEWS RELEASE
GT INTERACTIVE SOFTWARE CORP.
417 Fifth Avenue
New York, NY 10016
Phone: 212.726.6500
Fax: 212.726.4205
GT Interactive to Offer $100 Million in Subordinated Notes
Business Editors
NEW YORK--(BUSINESS WIRE)--July 22, 1998--GT Interactive Software Corp.
(NASDAQ: GTIS) announced today it intends to raise $100 million through an issue
of Senior Subordinated Notes due 2005 to institutional investors.
The net proceeds of the offering will be used primarily to fund future
acquisitions, but also to repay GT Interactive's Senior Credit Facility as well
as to fund operations. Completion of the offering will be conditional upon
pricing and investor interest.
Headquartered in NY, GT Interactive Software Corp. is a global
publisher of entertainment and edutainment software under the GT Interactive,
Cavedog Entertainment, SingleTrac, Humongous Entertainment and MacSoft brands
for personal computers as well as game consoles from Sony Computer Entertainment
Inc. and Nintendo. The company operates development studios in Seattle, Salt
Lake City and San Luis Obispo, CA. GT Value Products publishes budget software
under the WizardWorks, CompuWorks and Slash brands.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, the notes
referenced above in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. The notes will not be and have not been
registered under the Securities Act of 1933 and, unless so registered, may not
be offered or sold except pursuant to an exemption from or in a transaction not
subject to the registration requirements of the Securities Act and any
applicable state securities laws.
CONTACT: Dawn Berrie (investors) Allyne Mills (media)
212/726-4235 212/726-4202
[email protected] [email protected]
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