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) - April 21, 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 Identification No.)
Incorporation) File Number)
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)
<PAGE>
Item 5. Other Events.
On April 21, 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
99.1 Press release dated April 21, 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: April 26, 1999 By: WILLIAM M. PIERCE
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.
COMPLETES $340 MILLION PRIVATE PLACEMENT
OF SENIOR SUBORDINATED NOTES
AND OBTAINS NEW THREE-YEAR $146 MILLION CREDIT FACILTIY
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Fort Lauderdale, Florida (April 21, 1999) - Florida Panthers Holdings,
Inc. (NYSE:PAW) today announced that it has completed its offering of $340
million in aggregate principal amount of 9 7/8% senior subordinated notes due
2009 in a private placement pursuant to Rule 144A under the Securities Act of
1933. The net proceeds from the offering, after payment of selling commissions
and discounts, and other expenses of the offering, will be used to retire
short-term indebtedness. The company also announced that it obtained a new
three-year revolving line-of-credit in the principal amount of $146 million from
a syndicate of financial institutions.
The notes have not been registered under the Securities Act of 1933 and
may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any offer, solicitation or sale of the notes in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under applicable securities laws, absent the
availability of an exemption from such registration or qualification
requirements.
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 Hotel 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 and has interests in the
operations of the National Car Rental Center located in Broward County, Florida,
the Miami Arena and two ice skating rinks.
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