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) September 29, 1995
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Wherehouse Entertainment, Inc.
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(Exact name of registrant as specified in charter)
Delaware 1-8281 95-2647555
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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.
Reference is made to the press release of Registrant,
issued on October 2, 1995, which contains information meeting the
requirements of this Item 5, and which is incorporated herein by
this reference. A copy of this press release is attached to this
Form 8-K as Exhibit "A."
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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.
Date: October 3, 1995 By: /s/ Jerry E. Goldress
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Jerry E. Goldress
Chairman of the Board and
Chief Executive Officer
By: /s/ Henry Del Castillo
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Henry Del Castillo
Senior Vice President,
Chief Financial Officer
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EXHIBIT "A"
CONTACT: WHEREHOUSE ENTERTAINMENT, INC.
Henry Del Castillo, SVP, CFO
(310)538-2314, extension 2350
WHEREHOUSE ENTERTAINMENT, INC.
ENTERS INTO FINANCING AGREEMENT
TORRANCE, CALIFORNIA (October 2, 1995) - Wherehouse Entertain-
ment, Inc., operating as a debtor in possession under Chapter 11
of the U.S. Bankruptcy Code, announced today that it has obtained
a $30 million revolving credit facility (including a letter of
credit subfacility of $10 million) from Bankers Trust Company.
The Bankruptcy Court has issued an Interim Order authorizing
borrowings of up to approximately $15 million under the facility,
pending an October 19, 1995 final Court hearing to approve the
full facility amount.
"We are pleased to have put this arrangement in place, which we
believe should assure adequate financing to support the company's
inventory acquisitions for the holiday selling season; further-
more, placement of the credit facility will enable us to pursue
credit terms with our many music, video and special products
suppliers", said Henry Del Castillo, Chief Financial Officer.
Wherehouse Entertainment, Inc., a large prerecorded home enter-
tainment retailer, operates 317 stores in Arizona, California,
Colorado, Nevada, North Dakota, Oregon, Utah and Washington.
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