===========================================================================
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 6, 1995
MAXXAM INC.
(Exact name of Registrant as Specified in its Charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-3924
(Commission File Number)
95-2078752
(I.R.S. Employer Identification Number)
5847 SAN FELIPE, SUITE 2600 77057
HOUSTON, TEXAS (Zip Code)
(Address of Principal Executive
Offices)
Registrant's telephone number, including area code: (713) 975-7600
===========================================================================
<PAGE>
ITEM 5. OTHER EVENTS
Attached hereto as Exhibit 99.1 is a press release announcing a
private placement by MAXXAM Inc. This press release is being filed with
the Securities and Exchange Commission pursuant to Rule 135c under the
Securities Act of 1933. Also attached hereto as Exhibit 99.2 is a copy of
a press release announcing deferral of the private placement.
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.
MAXXAM INC.
(Registrant)
Date: October 6, 1995 By: BYRON L. WADE
Byron L. Wade
Vice President
MAXXAM PLANS PRIVATE PLACEMENT OF EXCHANGEABLE DEBT
HOUSTON, Texas, September 8, 1995--MAXXAM Inc. (ASE:MXM) said
today that it intends to undertake a private placement of $75 million of
Exchangeable Senior Secured Bonds Due 2005. The bonds will be exchangeable
into, and secured by, a portion of the shares of Kaiser Aluminum
Corporation (NYSE:KLU) common stock, par value $.01 per share, that are
currently owned by MAXXAM.
MAXXAM said it intends to use the proceeds from the offering to
redeem approximately $17.5 million aggregate principal amount of its
12-1/2% Subordinated Debentures due December 15, 1999, and approximately
$25 million aggregate principal amount of its 14% Senior Subordinated Reset
Notes due May 20, 2000. The remaining proceeds will be used for general
corporate purposes.
The securities being offered have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from these registration
requirements.
MAXXAM Inc. is a diversified FORTUNE 1000 company engaged
primarily in aluminum, forest products, and real estate. It owns
approximately 62% of the voting stock of Kaiser Aluminum Corporation.
MAXXAM DEFERS PROPOSED PRIVATE PLACEMENT
OF EXCHANGEABLE DEBT
HOUSTON, Texas, September 13, 1995 -- MAXXAM Inc. said today that
it has elected to defer its proposed private placement of $75 million of
Exchangeable Senior Secured Bonds Due 2005.
The company has not made a determination when or if it will
proceed with such offering. If the company determines to proceed with the
offering, it will make an announcement at an appropriate time.
As a result of the company's deferral of the private placement,
it is also deferring its contemplated redemption of approximately $17.5
million aggregate principal amount of its 12-1/2% Subordinated Debentures
Due December 15, 1999, and approximately $25 million aggregate principal
amount of its 14% Senior Subordinated Reset Notes Due May 20, 2000.
MAXXAM Inc. is a diversified FORTUNE 1000 company engaged
primarily in aluminum, forest products, and real estate. It owns
approximately 62% of the voting stock of Kaiser Aluminum Corporation
(NYSE:KLU).
