SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 28, 1996; (June 28, 1996)
KEY ENERGY GROUP, INC.
(Exact name of registrant as specified in its charter)
Maryland 1-8038 04-2648081
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
255 Livingston Avenue
New Brunswick, New Jersey 08901
(Address of principal executive offices, including zip code)
(908) 247-4822
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On June 28, 1996 Key Energy Group, Inc. ("Key") announced that it is
conducting a private placement offering of Key's convertible subordinated
debentures (the "Private Placement").
For more information about the Private Placement, see Key's press
release, dated as of June 28, 1996, which is attached as Exhibit 99 and
incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Press Release, dated as of June 28, 1996
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SIGNATURES
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.
KEY ENERGY GROUP, INC.
By:/s/Francis D. John
Francis D. John, President
Date: June 28, 1996
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EXHIBIT INDEX
Number Description Page Number
------ ----------- -----------
99 Press Release, dated as of 4
June 28, 1996
EXHIBIT 99
FOR IMMEDIATE RELEASE
KEY ENERGY GROUP, INC.
ANNOUNCE PRIVATE PLACEMENT
NEW BRUNSWICK, NJ, June 28, 1996--Key Energy Group, Inc. (AMEX:KEG), a
diversified oil and gas service production company, announced today that it is
seeking to raise approximately $50 million through an institutional private
placement of convertible subordinated debentures. Completion of the offering is
expected within the next week. Proceeds will be used to repay existing debt to
finance acquisitions and for general corporate purposes. The securities being
offered will not be registered under the Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
