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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
CURRENT REPORT ON 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): May 20, 1998
STYLING TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 0-21703 75-2665378
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(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction of incorporation)
2390 East Camelback Road, Suite 435, Phoenix, Arizona 85016
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (602) 955-3353
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STYLING TECHNOLOGY CORPORATION
CURRENT REPORT ON
FORM 8-K
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
99(a) PRESS RELEASE DATED MAY 20, 1998 FILED PURSUANT TO RULE 135(c).
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.
May 27, 1998 STYLING TECHNOLOGY CORPORATION
By: /s/ Richard R. Ross
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Richard R. Ross
Executive Vice President, Chief Financial Officer,
Treasurer, and Secretary
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Exhibit Index
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Exhibit
Number Description
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99(a) Press Release dated May 20, 1998 filed pursuant to Rule 135(c).
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Exhibit 99(a)
NEWS RELEASE
STYLING TECHNOLOGY ANNOUNCES $100 MILLION NOTES OFFERING
PHOENIX, May 20/PRNewswire/--Styling Technology Corp. (Nasdaq: STYL - news),
today announced that, subject to market and other conditions, the company
intends to raise $100 million through the private placement of notes. The notes
will be sold within the United States to institutional accredited investors and
qualified institutional buyers pursuant to Rule 144A, and outside the United
States to non-U.S. investors. The company intends to use the net proceeds of the
offering to finance the purchase price and related costs of the acquisitions
announced separately today, to repay existing indebtedness, and for working
capital purposes. The company expects the offering to close in June.
The notes have not been and will not be registered under the Securities Act of
1933, as amended, or applicable state or foreign securities laws, and may not
be offered or sold in the United States absent registration under federal and
applicable state securities laws or an available exemption from such
registration under federal and applicable state securities laws or an
available exemption from such registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy
the notes.
Styling Technology Corporation is a consolidator in the highly fragmented
professional salon products industry. The company is taking advantage of this
fragmentation by targeting the acquisition of professional salon product
companies. The company develops, produces, and markets professional salon
products, including hair care, nail care, and skin and body care products as
well as salon appliances and sundries. The company sells its products primarily
to salon products and tanning supply distributors, beauty supply outlets and
salon chains. The company's operating strategy with respect to acquired
companies is to reduce overhead, consolidate production, and create synergies
in distribution and marketing.
For further information regarding Styling Technology Corp. free of charge via
fax, dial 1-800-PRO-INFO and enter "STYL."
SOURCE: Styling Technology Corp.
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