UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
RENT-WAY INC
________________________________________________________________________
(Name of Issuer)
Common
________________________________________________________________________
(Title of Class of Securities)
76009U104
_______________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has a
previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See
Rule 13d-7.)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
<PAGE>
Page 1 of 6 pages
CUSIP No. 76009U104
13G
________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Massachusetts Mutual Life Insurance Company
04-1590850
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(A) _______
(B) ___X___
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
SHARES 331,810
____________________________________________________
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH not applicable
____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 331,810
____________________________________________________
8 SHARED DISPOSITIVE POWER
not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
331,810
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.3%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON *
IC (insurance company)
_________________________________________________________________________
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 2 of 6 pages
CUSIP NO. 76009U104
13G
_________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MASSMUTUAL CORPORATE INVESTORS
04-2483041
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)________
(b)___X____
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 221,207
SHARES ___________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY not applicable
EACH ___________________________________________________
7 SOLE DISPOSITIVE POWER
REPORTING 221,207
PERSON WITH ___________________________________________________
8 SHARED DISPOSITIVE POWER
not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
221,207
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON *
IV (investment company)
_________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILING
<PAGE>
Page 3 of 6
CUSIP NO. 76009U104
13G
_________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MASSMUTUAL PARTICIPATION INVESTORS
04-3025730
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)______
(b)__X___
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OF PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 110,603
SHARES ___________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY not applicable
OWNED BY EACH ___________________________________________________
7 SOLE DISPOSITIVE POWER
REPORTING 110,603
PERSON WITH ___________________________________________________
8 SHARED DISPOSITIVE POWER
not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,603
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON *
IV (investment company)
_________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 4 of 6 pages
CUSIP NO. 76009U104
13G
_________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MASSMUTUAL CORPORATE VALUE PARTNERS LTD
_________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)______
(b)__X___
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF 143,103
SHARES _____________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY not applicable
OWNED BY EACH _____________________________________________________
7 SOLE DISPOSITIVE POWER
REPORTING 143,103
PERSON WITH _____________________________________________________
8 SHARED DISPOSITIVE POWER
not applicable
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
143,103
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.8%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON *
CO (corporation)
_________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5 OF 6 pages
CUSIP NO. 76009U104
13G
_________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MassMutual High Yield Partners 04-3325219
_________________________________________________________________________
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
_________________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachusetts
_________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF SHARES
107,294
BENEFICIALLY
_____________________________________________________
OWNED BY 6 SHARED VOTING POWER
EACH
_____________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 107,294
_____________________________________________________
WITH 8 SHARED DISPOSITIVE POWER
_________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
107,294
_________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
not applicable
_________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4%
_________________________________________________________________________
12 TYPE OF REPORTING PERSON *
CO
_________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 6 of 6
ITEM 1(a). Name of Issuer: Rent-Way, Inc.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
3230 West Lake Road
Erie, PA 16505
ITEM 2(a). Name of Person Filing:
This statement is filed on behalf of Massachusetts
Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors,
MassMutual Corporate Value Partners Ltd., and
MassMutual High Yield Partners,
which together may be regarded as a group
for the purpose of this statement. This statement
is signed on behalf of both the aforementioned
parties, and therefore, it does not include a
separate agreement providing for a joint filing.
ITEM 2(b). Address of Principal Business Office:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL CORPORATE INVESTORS
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL PARTICIPATION INVESTORS
1295 State Street
Springfield, Massachusetts 01111
MASSMUTUAL CORPORATE VALUE PARTNERS LTD
Cayman Islands
MASSMUTUAL HIGH YIELD PARTNERS
1295 State Street
Springfield, Massachusetts 01111
ITEM 2(c). Citizenship
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY is
organized under the laws of the Commonwealth of Massachusetts
MASSMUTUAL CORPORATE INVESTORS is organized
under the laws of the Commonwealth of Massachusetts
MASSMUTUAL PARTICIPATION INVESTORS is organized
under the laws of the Commonwealth of Massachusetts
MASSMUTUAL CORPORATE VALUE PARTNERS LTD is organized
under the laws of Cayman Islands
MASSMUTUAL HIGH YIELD PARTNERS
under the laws of the Commonwealth of Massachusetts
ITEM 2(d). Title of Class of Securities: Common Stock
ITEM 2(e). CUSIP NUMBER: 76009U104
ITEM 3. This statement is filed pursuant to Rule 13d-1(b) by
Massachusetts Mutual Life Insurance Company,
an insurance company as defined in Section 3(a)(19),
MassMutual Corporate Investors, an investment
company registered under Section 8 of the Investment
Company Act of 1940, and MassMutual Participation
Investors an investment company reqistered
under Section 8 of the Investment Company
Act of 1940, MassMutual Corporate Value Partners Ltd.
a corporation, and MassMutual High Yield Partners
a corporation which together may be regarded as a
group pursuant to Rule 13d-1(b)(ii)(H).
ITEM 4. Ownership:
This statement is filed to report information as of
November 30, 1997.
(a) Amount Beneficially Owned:
Massachusetts Mutual Life Insurance Company,
MassMutual Corporate Investors, MassMutual
Participation Investors, and MassMutual Corporate
Value Partners Ltd. own respectively 301,810,
201,207, 100,603, and 133,103 shares of common
stock and 30,000, 20,000, 10,000, and 10,000
warrants for a like amount of common stock shares.
MassMutual High Yield Partners owns $1,000,000
7% Conv. Deb. due 2/1/07, convertible into
74,794 shares of common stock, and 32,500 shares
of common stock.
Total shares of common stock owned directly and
indirectly: 914,017.
The filing of this statement shall not be construed
as an admission that Massachusetts Mutual Life
Insurance Company, MassMutual Corporate Investors,
MassMutual Participation Investors, MassMutual
Corporate Value Partners Ltd., or MassMutual High
Yield Partners are for the purposes
of sections 13(d) and 13(g) of the Securities
Exchange Act of 1934, the beneficial owners of
any common stock of the issuer.
(b) Percent of Class:
Percentage of ownership is calculated as follows:
914,017 (shares held) / 144,794 (shs from exercise
of warrants and convertible bond) + 7,773,000
(shs outstanding) = 11.5%
(c) Powers:
Massachusetts Mutual Life Insurance Company,
has sole power to vote or dispose of 331,810 shares,
MassMutual Corporate Investors has sole power to vote
and dispose of 221,207 shares, MassMutual
Participation Investors has sole power to vote and
dispose of 110,603 shares, MassMutual Corporate
Value Partners Ltd. has sole power to vote and
dispose of 143,103 shares, and MassMutual High Yield
Partners has sole power to vote and dispose of
107,294 shares.
ITEM 5. Ownership of Five Percent or Less of a Class:
Not applicable
ITEM 6. Ownership of More Than Five Percent on Behalf
of Another Person:
Not applicable
ITEM 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company:
Note applicable
ITEM 8. Identification and Classification of Members
of the Group:
not applicable
ITEM 9. Notice of Dissolution of the Group:
Not applicable
ITEM 10. Certification:
By signing below, MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY, MASSMUTUAL CORPORATE INVESTORS,
MASSMUTUAL PARTICIPATION INVESTORS, MASSMUTUAL
CORPORATE VALUE PARTNERS LTD, AND MASSMUTUAL
HIGH YIELD PARTNERS certify to the best of their
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purpose or effect.
Signature
- ---------
After reasonable inquiry and to the best of knowledge
and belief, MASSACHUSETTS MUTUTAL LIFE INSURANCE
COMPANY and MASSMUTUAL CORPORATE INVESTORS
and MASSMUTUAL PARTICIPATION INVESTORS and
MASSMUTUAL CORPORATE VALUE PARTNERS LTD and
MASSMUTUAL HIGH YIELD PARTNERS certify that the
information set forth in this statement is true,
complete and correct.
December 10, 1997 December 10, 1997
_____________________ ____________________________
Date Date
MASSACHUSETTS MUTUAL MASSMUTUAL CORPORATE
LIFE INSURANCE COMPANY INVESTORS
By: /s/Hamline C. Wilson By: /s/Hamline C. Wilson
Name Name
Hamline C. Wilson Hamline C. Wilson
Managing Director Vice President and CFO
_________________________ ____________________________
(Print Name and Title (Print Name and Title
of Person Signing) of Person Signing)
December 10, 1997 December 10, 1997
________________________ ____________________________
Date Date
MASSMUTUAL PARTICIPATION MASSMUTUAL CORPORATE VALUE
INVESTORS PARTNERS LTD
By: /s/Hamline C. Wilson By: /s/Raymond B. Woolson
Name Name
Hamline C. Wilson Raymond B. Woolson
Vice President and CFO Vice President
_______________________ ____________________________
Print Name and Title Print Name and Title
of Person Signing of Person Signing
December 10, 1997
_______________________
Date
MASSMUTUAL HIGH YIELD
PARTNERS
By: /s/ Raymond B. Woolson
Vice President
_______________________
Print Name and Title
of Person Signing
<PAGE>
