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) February 22, 1996
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 February 22, 1996, the Registrant and Southeastern Public Service
Company ("SEPSCO"), a wholly-owned subsidiary of the Registrant, announced
that SEPSCO has completed the redemption of all of its outstanding 11-7/8%
Senior Subordinated Debentures due February 1, 1998. SEPSCO intends to file
a Form 15 with the Securities and Exchange Commission and to cease filing
reports under the Securities and Exchange Act of 1934, as amended, in the
near future.
A copy of the press release is being filed herewith as an exhibit hereto
and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press release dated February 22, 1996.
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: February 22, 1996 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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99.1 Press release dated February 22, 1996
Exhibit 99.1
PRESS RELEASE
CONTACT: Martin M. Shea FOR IMMEDIATE RELEASE
Triarc Companies, Inc.
212/230-3030
TRIARC SUBSIDIARY HAS REDEEMED BONDS
NEW YORK, NY -- February 22, 1996 -- Triarc Companies, Inc. (NYSE:
TRY) and its subsidiary Southeastern Public Service Company (SEPSCO),
today announced that SEPSCO has completed the redemption of all of its
outstanding 11-7/8% Senior Subordinated Debentures due February 1, 1998.
There were outstanding $36 million principal amount of Debentures. As
previously announced, funding for the redemption was provided, in part,
from proceeds of a $36 million borrowing by National Propane Corporation, a
subsidiary of Triarc, under its existing bank facility, with the balance
being funded directly by SEPSCO. SEPSCO also intends to cease being a
reporting company under the Securities and Exchange Act of 1934, as
amended, as soon as SEPSCO completes certain required filings with the
Securities and Exchange Commission.
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.
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