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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchance Act of 1934
Date of Report (Date of earliest event reported) January 20, 1997
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REPUBLIC INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-9787 73-1105145
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(Commission (IRS Employer
File Number) Identification No.)
450 East Las Olas Boulevard
Suite 1200
Ft Lauderdale, FL 33301
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (954) 713-5200
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N.A.
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On January 20, 1997, Republic Industries, Inc. (the "Registrant") announced
that it had sold approximately 15,000,000 shares of its common stock, $0.01 par
value ("Common Stock"), in a private placement to certain institutional
investors. The shares were issued at $35.50 per share, resulting in net
proceeds to the Registrant of approximately $530,000,000.
The preceding description of the private placement is qualified in its entirety
by reference to the Press Release, dated January 20, 1997, attached hereto as
Exhibit 99, which is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
The Exhibits to this Report are listed in the Exhibit Index
set forth elsewhere herein.
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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.
REPUBLIC INDUSTRIES, INC.
By: /s/ Michael S. Karsner
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Michael S. Karsner
Senior Vice President and
Chief Financial Officer
Date: January 20, 1997
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REPUBLIC INDUSTRIES, INC.
EXHIBIT INDEX
Number and
Description of Exhibit
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1. None
2. None
4. None
16. None
17. None
21. None
23. None
24. None
27. None
99. Press Release, dated January 20, 1997.
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EXHIBIT 99
[LOGO] REPUBLIC
INDUSTRIES, INC.
450 East Las Olas Boulevard
Suite 1200
Fort Lauderdale, Florida 33301
954-713-5200
954-713-2115 FAX
FOR IMMEDIATE RELEASE CONTACT: Michael Karsner
- --------------------- (954) 713-5230
REPUBLIC INDUSTRIES RAISES HALF A BILLION DOLLARS IN PRIVATE PLACEMENT
Ft. Lauderdale, Florida (January 20, 1997)--Republic Industries, Inc.
(NASDAQ:RWIN) announced today that it has accepted subscriptions from certain
institutional investors in connection with a private placement transaction for
the sale of approximately 15 million shares of its common stock, at a purchase
price of $35.50 per share, for an aggregate amount of approximately $530
million. Due to today's banking holiday, funding of the private placement will
be completed Tuesday, January 21. Proceeds from this sale will be used for
general corporate purposes.
The securities offered in this transaction were not registered under
the Securities Act of 1933 and may not be offered or sold in the United States
absent registration under such Act or an applicable exemption therefrom. This
release does not constitute an offer to sell or the solicitation of an offer to
buy common stock of Republic Industries.
Republic is a diversified company operating in the automotive, solid
waste, electronic security and out-of-home media industries.
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