SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date earliest event reported) January 31, 1994
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Wherehouse Entertainment, Inc.
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(Exact name of registrant as specified in charter)
Delaware 1-8281 13-3439558
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(State or Other (Commission File (IRS Identification
Jurisdiction of Number) Number)
Incorporation
19701 Hamilton Avenue, Torrance, California 90502-1334
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(310)538-2314
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(Former Name or Former Address, if Changed Since Last Report)
This current report contains 3 pages.
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Item 5. Other Events.
On January 31, 1994, $30,000,000 of funds managed by
Merrill Lynch Capital Partners, Inc., which currently is the
controlling shareholder of Wherehouse Entertainment, Inc. (the
"Company"), were contributed to the Company in the form of equity
capital. The contribution provides permanent financing for two
recent acquisitions and was contemporaneous with an amendment to
the Company's bank credit agreement. The amendment allowed the
contributed funds to be applied as a repayment on the Company's
revolving line of credit rather than as a permanent reduction to
the committed credit facilities. Additionally, financial
covenants were revised for each fiscal quarter through January
31, 1998 to provide the Company with additional operating
flexibility.
The acquisitions which were permanently financed by the
contribution were the June, 1993 acquisition of store locations,
inventory and other related assets of The Record Shop, Inc. and
the January, 1994 acquisition of store locations, inventory and
other related assets of Pegasus Music and Video, Inc.
Unrelated to the above, an earthquake centered in
Southern California occurred on January 17, 1994 and damaged a
number of the Company's stores. The Company is still assessing
the total financial impact of the damage. However, based upon
preliminary findings, it appears that the financial impact will
not be material to the operations of the Company as a whole and
that only three stores have sustained permanent damage and will
cease to be operational.
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SIGNATURE
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.
WHEREHOUSE ENTERTAINMENT, INC.
February 8, 1994 By: /s/ Scott Young
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Scott Young
Chairman of the Board
