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) - February 12, 1999
FLORIDA PANTHERS HOLDINGS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-13173 65-0676005
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
450 East Las Olas Boulevard, Fort Lauderdale, Florida 33301
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(Address of Principal Executive Offices) (Zip Code)
(954) 712-1300
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(Registrants Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On February 12, 1999, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press release dated
February 12, 1999
<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 hereunto duly authorized.
FLORIDA PANTHERS HOLDINGS, INC.
Date: February 16, 1999 By: WILLIAM M. PIERCE
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William M. Pierce
Senior Vice President,
Treasurer and Chief
Financial Officer
EXHIBIT 99.1
For Immediate Release
Contact: Stan Smith
(954) 627-5021
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FLORIDA PANTHERS HOLDINGS, INC. RAISES $40.3 MILLION
FROM PRIVATE PLACEMENT
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Fort Lauderdale, Florida (February 12, 1999) - Florida Panthers
Holdings, Inc. (NYSE:PAW) today announced that it has sold 4,022,500 shares of
its Class A common stock to certain institutional investors in connection with a
private placement. The stock was purchased at a price of $10.25 per share. The
Company expects to receive net proceeds of approximately $40.3 million after
payment of fees, commissions and expenses. The net proceeds will be used to
retire a portion of the Company's short-term indebtedness and for general
corporate purposes.
The securities offered in this transaction have not been registered
under the Securities Act of 1933 and may not be offered or sold in the United
States absent registration under the Act or an applicable exemption therefrom.
This communication shall not constitute an offer to sell or the solicitation of
an offer to buy common stock of Florida Panthers Holdings, Inc.
Florida Panthers Holdings, Inc. owns luxury resort properties in
Florida and Arizona. The Company's resort portfolio includes the Boca Raton
Resort & Club, the Arizona Biltmore Hotel, the Registry Hotel at Pelican Bay,
the Edgewater Beach Hotel, the Hyatt Regency Pier 66 Resort and Marina, the
Radisson Bahia Mar Resort and Yachting Center and the Grande Oaks Golf Club. The
Company also owns the Florida Panthers Hockey Club, the operations of two ice
skating rinks and interests in the operations of the National Car Rental Center,
located in Broward County, Florida, and the Miami Arena.
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