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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): August 18, 1997
Wilsons The Leather Experts Inc.
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(Exact name of registrant as specified in its charter)
Minnesota 000-21543 41-1839933
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification No.)
7401 Boone Avenue North
Brooklyn Park, Minnesota 55428 (612) 391-4000
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(Address of principal executive (Zip Code) (Registrant's telephone
offices) number, including area code)
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Item 7. Financial Statements and Exhibits
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Exhibits:
(99) Press release relating to completion of private offering of senior
notes.
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Signatures
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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.
Date: August 19, 1997
WILSONS THE LEATHER EXPERTS INC.
Registrant
/s/ Douglas J. Treff
By________________________________
Its Vice President, Finance
and Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit Description Method of Filing
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(99) Press release relating to Electronic Transmission
completion of private offering
of senior notes.
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Exhibit (99)
CONTACT:
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For Immediate Release Douglas J. Treff
- --------------------- Chief Financial Officer
Wilsons The Leather Experts Inc.
7401 Boone Avenue North
Brooklyn Park, Minnesota 55428
Phone: (612) 391-4506
Fax: (612) 391-4906
WILSONS THE LEATHER EXPERTS
ANNOUNCES COMPLETION OF $75 MILLION PRIVATE DEBT OFFERING
Brooklyn Park, Minnesota, August 18, 1997 - Wilsons The Leather Experts Inc.
(Nasdaq NMS: WLSN and WLSNW) announced today the completion of its previously
announced private offering of $75 million aggregate principal amount of 11-1/4%
Senior Notes due 2004 to certain qualified institutional buyers. Wilsons used
approximately $56.5 million of the net proceeds from the offering to repurchase
an outstanding senior secured subordinated note. The balance of the net proceeds
will be used for general corporate purposes, including capital expenditures and
additional store openings.
The notes offered in the private placement have not been registered with the
Securities and Exchange Commission under the Securities Act of 1933, as amended,
and may not be reoffered or resold in the United States without a subsequent
registration or an applicable exemption from the registration requirements.
