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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 THEREOF
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This Prospectus Supplement, together with the Prospectus, is to be used by
certain holders of the above-referenced securities or by their transferees,
pledgees, donees or their successors in connection with the offer and sale of
the above-referenced securities. The last reported sale price of the Common
Stock on the New York Stock Exchange on July 13, 1998 was $22 per share.
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 thereof is hereby supplemented to include
the following information in the table under the heading 'Selling
Securityholders' on page 52:
SELLING SECURITYHOLDERS
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<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)
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<S> <C> <C> <C>
BT Alex Brown Inc................................................. $ 950,000 * 8,991
Chrysler Corporation Master Retirement Trust(3)................... 11,860,000 3.3 112,254
Delta Air Lines Master Trust(3)................................... 4,310,000 1.2 40,794
OCM Convertible Trust(3).......................................... 15,455,000 4.3 146,281
Partner Reinsurance Company Ltd.(3)............................... 1,300,000 * 12,304
Raytheon Company Master Pension Trust(3).......................... 6,155,000 1.7 58,257
SoundShore Partners L.P........................................... 9,500,000 2.6 89,917
State of Connecticut Combined Investment Funds(3)................. 13,710,000 3.8 129,765
State Employees' Retirement Fund of the State of Delaware(3)...... 3,660,000 1.0 34,641
Vanguard Convertible Securities Fund, Inc......................... 11,050,000 3.1 104,588
</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: Chrysler Corporation Master Retirement Trust
($670,000), Delta Air Lines Master Trust ($1,225,000), OCM Convertible Trust
($1,045,000), Partner Reinsurance Company Ltd. ($75,000), Raytheon Company
Master Pension Trust ($350,000), State of Connecticut Combined Investment
Funds ($2,290,000) and State Employees' Retirement Fund of the State of
Delaware ($865,000).
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SEE 'RISK FACTORS' BEGINNING ON PAGE 14 OF THE ACCOMPANYING PROSPECTUS FOR
A DISCUSSION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY PROSPECTIVE
PURCHASERS OF THE SECURITIES OFFERED HEREBY.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
THIS PROSPECTUS SUPPLEMENT IS DATED JULY 14, 1998.
