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PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JUNE 5, 1998)
TRIARC COMPANIES, INC.
$360,000,000 PRINCIPAL AMOUNT AT MATURITY OF
ZERO COUPON CONVERTIBLE SUBORDINATED DEBENTURES DUE 2018 AND
SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THESE DEBENTURES
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This Prospectus Supplement, together with the Prospectus, is to be used by
certain holders of the securities referred to above or by their transferees,
pledgees, donees or their successors in connection with the offer and sale of
the securities referred to above. The last reported sale price of the Common
Stock on the New York Stock Exchange on December 8, 1998 was $16 1/16 per share.
This Prospectus Supplement supplements the Prospectus dated June 5, 1998
relating to the offer for resale of up to $360,000,000 aggregate principal
amount at maturity of Triarc Companies, Inc.'s Zero Coupon Convertible
Subordinated Debentures due 2018 and the shares of Common Stock issuable upon
conversion of these Debentures to include the following table under the heading
'Selling Securityholders' on page 52:
SELLING SECURITYHOLDERS
<TABLE>
<CAPTION>
PRINCIPAL AMOUNT NUMBER OF SHARES
AT MATURITY OF PERCENTAGE OF COMMON STOCK
DEBENTURES OF BENEFICIALLY OWNED
BENEFICIALLY OWNED DEBENTURES AND OFFERED
SELLING SECURITYHOLDER AND OFFERED HEREBY OUTSTANDING HEREBY(1)(2)
- ------------------------- ------------------ ----------- ------------------
<S> <C> <C> <C>
AAM/Zazove Institutional
Income Fund, L.P....... $ 5,800,000 1.6 54,897
Argent Class Convertible
Arbitrage Fund
(Bermuda) L.P.......... 25,000,000 6.9 236,625
Black Diamond, Ltd....... 1,262,000 * 11,944
Black Diamond Partners,
L.P.................... 1,283,000 * 12,143
Century National
Insurance Company(3)... 2,700,000 * 25,555
Chrysler Corporation
Master Retirement
Trust(3)............... 11,860,000 3.3 112,254
Chrysler Insurance
Company - Total
Return................. 150,000 * 1,419
Citizens Security Life
Ins. Co................ 1,000,000 * 9,465
Delta Air Lines Master
Trust(3)............... 4,310,000 1.2 40,794
Double Black Diamond
Offshore LDC(3)........ 238,000 * 2,252
Fort Dearborn Life
Insurance Company...... 600,000 * 5,679
Highbridge Capital
Corporation............ 16,500,000 4.6 156,172
JMG Convertible
Investments, L.P....... 2,500,000 * 23,662
National Union Fire
Insurance Company of
Pittsburgh(3).......... 5,500,000 1.5 52,057
OCM Convertible
Trust(3)............... 13,050,000 3.6 123,518
Orrington International
Fund Ltd............... 4,030,000 1.1 38,143
Orrington Investments
Limited Partnership.... 970,000 * 9,181
Partner Reinsurance
Company Ltd.(3)........ 1,300,000 * 12,304
R2 Investments, LDC...... 8,000,000 2.2 75,720
Raytheon Company Master
Pension Trust(3)....... 6,155,000 1.7 58,257
SoundShore Holdings
Ltd.................... 19,600,000 5.4 185,514
State Employees'
Retirement Fund of the
State of Delaware(3)... 2,550,000 * 24,135
State of Connecticut
Combined Investment
Funds(3)............... 9,820,000 2.7 92,946
Triton Capital
Investments, LTD....... 2,500,000 * 23,662
United National Insurance
Company(3)............. 4,400,000 1.2 41,646
Vanguard Convertible
Securities Fund,
Inc.(3)................ 11,050,000 3.1 104,588
Worldwide Transactions
Ltd.................... 117,000 * 1,107
Zazove Convertible Fund,
L.P.(3)................ 6,450,000 1.8 61,049
</TABLE>
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* Less than 1.0%.
(1) Represents shares of Common Stock issuable upon conversion of the
Debentures.
(2) Assumes a conversion rate of 9.465 shares per $1,000 principal amount at
maturity and a cash payment in lieu of any fractional share interest, which
conversion rate is subject to adjustment as described under 'Description of
Debentures -- Conversion of Debentures.' Accordingly, the number of shares
of Common Stock issuable upon conversion of the Debentures may increase or
decrease from time to time. Under the terms of the Indenture, the Company is
not required to issue fractional shares of Common Stock upon conversion of
the Debentures and, in lieu thereof, will pay cash.
(3) In addition to the Debentures shown as being beneficially owned and offered
hereby, the following entities also own registered Debentures that are not
being sold hereunder: Century National Insurance Company ($2,760,000),
Chrysler Corporation Master Retirement Trust ($1,770,000), Delta Air Lines
Master Trust ($1,325,000), Double Black Diamond Offshore LDC ($100,000),
National Union Fire Insurance Company of Pittsburgh ($6,850,000), OCM
Convertible Trust ($210,000), Partner Reinsurance Company Ltd. ($210,000),
Raytheon Company Master Pension Trust ($905,000), State of Connecticut
Combined Investment Funds ($3,615,000), State Employees' Retirement Fund of
the State of Delaware ($1,245,000), United National Insurance Company
($1,000,000), Vanguard Convertible Securities Fund, Inc. ($170,000) and
Zazove Convertible Fund, L.P. ($550,000).
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INVESTING IN THESE SECURITIES INVOLVES CERTAIN RISKS. SEE 'RISK FACTORS'
BEGINNING ON PAGE 14 OF THE ACCOMPANYING PROSPECTUS.
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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF
THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
THIS PROSPECTUS SUPPLEMENT IS DATED DECEMBER 9, 1998.
