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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) April 27, 1998
AMF BOWLING, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-13539 13-3873268
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8100 AMF Drive, Richmond, Virginia 23111
(Address of principal executive offices) (Zip Code)
N/A
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On April 27, 1998, the registrant issued a news release announcing that
it intends to make a private offering of zero coupon convertible debentures.
A copy of the news release is attached as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibit Description
- ------- -----------
99.1 News Release Regarding Announcement of Offering of Zero Coupon
Convertible Debentures
2
<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.
Date: April 27, 1998 AMF BOWLING, INC.
By: /s/ Stephen E. Hare
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Stephen E. Hare
Executive Vice President and
Chief Financial Officer
3
Exhibit 99.1
Contact: Stephen E. Hare
Chief Financial Officer
(804) 730-4401
FOR IMMEDIATE RELEASE News Release
April 27, 1998
AMF BOWLING, INC. ANNOUNCES OFFERING OF
ZERO COUPON CONVERTIBLE DEBENTURES
Richmond, Virginia -- April 27, 1998 -- AMF Bowling, Inc. (NYSE:PIN) announced
today that it intends to offer for sale its zero coupon convertible debentures
in a private placement to certain qualified institutional investors. The company
stated that it plans to contribute the net proceeds of the offering, estimated
to be $191 million (excluding any over-allotment option), as equity to its
subsidiary, AMF Bowling Worldwide, Inc., to repay a portion of its senior bank
debt, thereby enabling AMF Bowling Worldwide to incur additional indebtedness to
fund its ongoing bowling center acquisition program. However, the company may
seek to apply a portion of the net proceeds to redemption of AMF Bowling
Worldwide's 10 7/8% Senior Subordinated Notes due 2006 and/or 12 1/4% Senior
Subordinated Discount Notes due 2006. No other terms were disclosed.
The offered securities will not be registered under the Securities Act
of 1933 or applicable state securities laws and may not be offered or sold in
the United States absent registration under the Securities Act and applicable
state securities laws or applicable exemptions from such registration
requirements. Sale of the debentures is subject to market and other conditions,
and there can be no assurance that any debentures will be sold or that the net
proceeds of any sale will not be lower or higher than expected.
