EXHIBIT (A)(7)
Contacts: Investment Community Media
Steve Dalberth Elizabeth Mather
Sunbeam Corporation Robinson, Lerer & Montgomery
(561) 912-4800 (212) 484-7701
SUNBEAM EXTENDS EXCHANGE OFFER FOR ZERO COUPON CONVERTIBLE
DEBENTURES DUE 2018
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BOCA RATON, FL, AUGUST 8, 2000 -- Sunbeam Corporation (NYSE: SOC)
today announced that it has extended its pending offer to exchange all of
its outstanding Zero Coupon Convertible Senior Subordinated Debentures due
2018 for newly issued 11% Senior Secured Subordinated Notes due 2011 and
shares of Sunbeam Corporation common stock until 5:00 p.m. (EDT) on
September 12, 2000. Based on the most recent report from Sunbeam's exchange
agent, $5,645,000 principal amount at maturity of the outstanding Zero
Coupon Debentures have been tendered to Sunbeam for exchange.
Sunbeam Corporation is a leading consumer products company that
designs, manufactures and markets, nationally and internationally, a
diverse portfolio of consumer products under such world-class brands as
Sunbeam(R), Oster(R), Grillmaster(R), Coleman(R), Mr. Coffee(R), First
Alert(R), Powermate(R), Health o meter(R), and Campingaz(R).
NOTICE
Investors and security holders are advised to read Sunbeam
Corporation's Tender Offer Statement on Schedule TO with respect to the
pending exchange offer for its outstanding Zero Coupon Convertible Senior
Subordinated Debentures due 2018, including the Offering Circular and the
related Letter of Transmittal filed as exhibits thereto and any amendments
or supplements thereof, because each of these documents contains, or will
contain, important information. Investors and security holders may obtain a
free copy of the Tender Offer Statement, the Offering Circular, the related
Letter of Transmittal and any amendments or supplements to any of the
foregoing (when they become available), and any other documents filed by
Sunbeam with the SEC, at the SEC's Internet web site located at
www.sec.gov. Each of these documents may also be obtained free of charge by
calling Sunbeam's information agent, MacKenzie Partners, Inc., toll-free at
(800) 322-2885.
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