UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) December
27, 1995
TRIARC COMPANIES, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-2207 38-0471180
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
900 Third Avenue
New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212)
230-3000
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(Former Name or Former Address, if
Changed Since Last Report)
<PAGE>
Item 5. Other Events.
On December 27, 1995, the Registrant and Southeastern
Public Service Company ("SEPSCO"), a wholly-owned
subsidiary of the Registrant, announced that SEPSCO has
delivered to the indenture trustee for its 11 7/8% Senior
Subordinated Debentures due February 1, 1998 (the
"Debentures") a notice of redemption with respect to all of
its outstanding Debentures. The redemption is scheduled to
occur on February 22, 1996. Upon completion of the redemption
of the Debentures, SEPSCO intends to file a Form 15 with the
Securities and Exchange Commission and to cease filing reports
under the Securities Exchange Act of 1934, as amended.
A copy of the notice of redemption and press release
are being filed herewith as exhibits hereto and are
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) Exhibits
4.1 Notice of Redemption for SEPSCO's 11 7/8% Senior
Subordinated Debentures due February 1, 1998
99.1 Press release dated December 27, 1995
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.
TRIARC COMPANIES, INC.
Date: December 27, 1995 By: Joseph A. Levato
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Joseph A. Levato
Executive Vice President
and Chief Financial Officer
<PAGE>
Exhibit Index
Exhibit
No. Description Page No.
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4.1 Notice of Redemption for SEPSCO's
11 7/8% Senior Subordinated Debentures
due February 1, 1998
99.1 Press release dated December 27, 1995
Exhibit 99.1
PRESS RELEASE
CONTACT: Martin M. Shea FOR IMMEDIATE RELEASE
Triarc Companies, Inc.
212/230-3030
TRIARC SUBSIDIARY TO REDEEM BONDS
NEW YORK, NY -- December 27, 1995 -- Triarc
Companies, Inc. (NYSE: TRY) and its subsidiary
Southeastern Public Service Company (SEPSCO), today
announced that SEPSCO has delivered to the indenture
trustee for its 11 7/8% Senior Subordinated Debentures due
February 1, 1998 a notice of redemption with respect to all
of its outstanding Debentures. The redemption is scheduled
to occur on February 22, 1996. As provided in the notice
of redemption, holders of the Debentures will be required
to deliver the Debentures to the indenture trustee in order
to receive payment. There are currently outstanding $45
million principal amount of Debentures. In accordance with
the indenture relating to the Debentures, a scheduled
sinking fund payment with respect to $9 million principal
amount of Debentures will be made on February 1, 1996 prior
to the redemption. As previously announced, funding for
the redemption will be provided, in part, from proceeds of
a $30 million borrowing by National Propane Corporation, a
subsidiary of Triarc, under its existing bank facility,
with the balance being funded directly by SEPSCO.
Through its four core businesses, restaurants (Arby's,
Inc.), beverages (Royal Crown Company, Inc. and Mistic
Brands, Inc.), textiles (Graniteville Company) and
liquefied petroleum gas (National Propane Corporation),
Triarc Companies, Inc. currently has annual revenues of
more than $1 billion.
###
Exhibit 4.1
NOTICE OF REDEMPTION
To The Holders of 11 7/8% Senior Subordinated Debentures
Due February 1, 1998
of
SOUTHEASTERN PUBLIC SERVICE COMPANY
(CUSIP No. 842060AA3)
Notice is hereby given pursuant to the terms of the
optional redemption provisions of Article 5 of the
Indenture dated as of February 1, 1983 pursuant to which
the aforementioned debentures (the "Debentures") were
issued by Southeastern Public Service Company (the
"Company"), that the Company has called for redemption and
will redeem on February 22, 1996 (the "Redemption Date")
all outstanding Debentures, at par, together with interest
accrued thereon to the Redemption Date.
On the Redemption Date, the redemption price will
become due and payable on each Debenture and, unless the
Company defaults in making payment of the redemption price,
interest on the principal amount of the Debentures called
for redemption will cease to accrue on and/or after the
Redemption Date.
To receive the redemption price for the Debentures
called for redemption, the holders of the Debentures must
surrender the certificates representing such Debentures on
or before the Redemption Date, to the Indenture Trustee:
By U.S. Mail: The Bank of New York
P.O. Box 11265
Church Street Station
New York, New York 10286
Attn: Fiscal Agencies Dept.,
7th Floor
Hand Delivery/Overnight Mail: The Bank of New York
101 Barclay Street, Lobby
Level
New York, New York 10286
Attn: Bond Redemption Unit
Inquiries can be made with the Company at telephone
number (212) 230-3000 or with the Indenture Trustee at
telephone number (1-800-254-2826).
SOUTHEASTERN PUBLIC SERVICE COMPANY
