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FILED PURSUANT TO RULE 424(b)(3)
FILE NO. 333-4877
AMF GROUP INC.
SUPPLEMENT NO. 7 TO PROSPECTUS DATED AUGUST 12, 1996, AS SUPPLEMENTED BY
SUPPLEMENT NO. 1 DATED SEPTEMBER 9, 1996,
SUPPLEMENT NO. 2 DATED SEPTEMBER 9, 1996,
SUPPLEMENT NO. 3 DATED SEPTEMBER 10, 1996,
SUPPLEMENT NO. 4 DATED SEPTEMBER 11, 1996,
SUPPLEMENT NO. 5 DATED SEPTEMBER 27, 1996, AND
SUPPLEMENT NO. 6 DATED OCTOBER 10, 1996
The date of this Supplement No. 7 is October 24, 1996
On October 24, 1996, AMF Group Inc. filed the attached Current
Report on Form 8-K.
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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):
October 10, 1996
AMF GROUP INC.
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(Exact name of registrant as specified in charter)
Delaware
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(State or other jurisdiction
of incorporation)
001-12131 13-3873272
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(Commission File No.) (IRS employer
identification no.)
8100 AMF Drive, Mechanicsville, Virginia 23111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(804) 730-4000
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On October 10, 1996, AMF Bowling Centers, Inc. (the "Buyer"), a
Virginia corporation and an indirect, wholly-owned subsidiary of AMF Group Inc.
(the "Registrant"), a Delaware corporation, completed the acquisition (the
"Acquisition") of 50 bowling centers and certain related assets and liabilities
from Charan Industries, Inc. (the "Seller"), a Delaware corporation, pursuant
to an Asset Purchase Agreement (the "Asset Purchase Agreement"), dated as of
September 10, 1996, by and between Buyer and Seller. A copy of the Asset
Purchase Agreement is attached as Exhibit 1 hereto and is incorporated herein
by reference, and the description of and all references to the Asset Purchase
Agreement are qualified in their entirety by reference to such Asset Purchase
Agreement. The assets purchased were used by Seller in its operation of
bowling centers and related operations and will continue to be used as such by
Buyer.
The purchase price was approximately $100 million, subject to certain
adjustments. The purchase price was negotiated between Buyer and Seller. The
Acquisition was funded with approximately $40 million from the sale of equity
by AMF Holdings Inc., an indirect parent corporation of the Registrant, to its
institutional stockholders and one of its directors, and with approximately $60
million from available borrowings under the Registrant's existing acquisition
facility established by the Credit Agreement, dated as of May 1, 1996, by and
among the Registrant, the banks, financial institutions and other institutional
lenders listed on the signature pages thereof as Initial Issuing Banks,
Goldman, Sachs & Co., and Citicorp, N.A., as administrative agent, and Citicorp
USA, Inc., as collateral agent.
On October 10, 1996, the Registrant issued a press release relating to
the consummation of the Acquisition. A copy of the press release is attached
as Exhibit 2 hereto and is incorporated herein by reference.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
It is impracticable at the time of filing of this
report to provide the required financial statements
of the business acquired. Required financial
statements will be filed as soon as practicable as an
amendment to this report, but not later than 60 days
after the date on which this report must be filed.
(b) Pro Forma financial information.
It is impracticable at the time of filing of this
report to provide the required pro forma financial
information. Required pro forma financial
information will be filed as soon as practicable as
an amendment to this report, but not later than 60
days after the date on which this report must be
filed.
(c) Exhibits.
1. Asset Purchase Agreement, dated as of
September 10, 1996, by and between AMF
Bowling Centers, Inc. and Charan Industries,
Inc.
2. Press Release, dated October 10, 1996,
relating to the transaction between AMF
Bowling Centers, Inc. and Charan Industries,
Inc.
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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.
AMF GROUP INC.
By: /s/ Stephen E. Hare
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Name: Stephen E. Hare
Title: Executive Vice
President and
Chief Financial
Officer
Date: October 24, 1996
[EXHIBITS NOT ATTACHED]
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