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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
APRIL 15, 1998
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Date of report (Date of earliest event reported)
SIGNATURE RESORTS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Maryland 000-21193 95-4582157
(State or other Jurisdiction (Commission Title (IRS Employer
of Incorporation) Number) Identification Number)
1875 SOUTH GRANT STREET, SUITE 650
SAN MATEO, CALIFORNIA 94402
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(Address of Principal Executive Offices)
(650) 312-7171
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On April 15, 1998, Signature Resorts, Inc. (the "Company") issued a
press release (the "Press Release") announcing its completion of a $140 million
Senior Notes Offering. A copy of the Press Release is attached as exhibit 99
hereto and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
Exhibit 99 - Text of Press Release issued by the Company dated
April 15, 1998.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized
SIGNATURE RESORTS, INC.
By: /s/ ANDREW D. HUTTON
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Name: Andrew D. Hutton
Title: Vice President,
General Counsel and Secretary
Dated: April 21, 1998
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EXHIBIT INDEX
99 Text of Press Release issued by the Company dated April 15, 1998.
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EXHIBIT 99
SIGNATURE RESORTS COMPLETES $140 MILLION RULE 144A SENIOR NOTE OFFERING
SAN MATEO, Calif., April 15 /PRNewswire/ -- Signature Resorts, Inc.
(NYSE: OWN) today completed its offering of $140,000,000 principal amount of
its 9.25% Senior Notes due 2006, at 100% of their principal amount. Signature
increased the offering from its originally announced size of $125,000,000
principal amount.
The initial purchasers offered the Notes only to Qualified Institutional
Buyers as permitted under Rule 144A of the Securities Act or outside the United
States to certain persons in reliance on Regulation S under the Securities Act.
The Notes initially have not been registered under the Securities Act and may
not be sold in the United States absent registration or an exemption from the
registration requirements of the Securities Act. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy the Notes.
Signature Resorts, Inc. is the world's largest owner and operator of
vacation ownership resorts. Signature currently has 81 resort locations in 8
North American and European countries with approximately 200,000 owner
families. Through its Marc Hotels & Resorts subsidiary, Signature manages
units at an additional 22 resorts in Hawaii.
SOURCE Signature Resorts, Inc.
/CONTACT: Michael A. Depatie, Chief Financial Officer, or Dewey W.
Chambers, Treasurer of Signature Resorts, Inc., 650-312-7171/
(OWN)
