SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 12, 1997
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NORTEK, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-6112 05-0314991
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
50 Kennedy Plaza, Providence, RI 02903-2360
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (401) 751-1600
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N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events.
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On March 12, 1997, Nortek, Inc. (the "Company") announced a
$175,000,000 Rule 144A 9 1/4% Senior Notes offering scheduled for
completion on March 17, 1997. The Company's press release
announcing the pricing of the 1997 offering is attached as an
exhibit hereto.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
1. Press Release dated March 12, 1997.
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.
NORTEK, INC.
Dated: March 13, 1997 By: /s/Richard J. Harris
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Vice President and Treasurer
Exhibit 1
NORTEK NEWS
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Contact: Richard L. Bready, Chairman & CEO
Richard J. Harris, Vice President
(401)751-1600
Release: IMMEDIATE
NORTEK PRICES $175,000,000 OF SENIOR NOTES
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PROVIDENCE, RI, March 12, 1997 -- Nortek, Inc. today announced that
it has entered into an agreement to sell $175.0 million principal
amount of 9 1/4 percent Senior Notes at a price of 99.422 percent of
face value. The Notes will mature in March, 2007.
The Senior Notes are being issued and sold in a private Rule 144A
offering to institutional investors, which is expected to close on
March 17, 1997. Nortek intends to use a portion of the net proceeds
from the transaction to repay approximately $47.2 million of
outstanding indebtedness of the Company's subsidiaries.
"This offering substantially increases Nortek's capital and
flexibility", said Nortek's Chairman and Chief Executive Officer,
Richard L. Bready. "We plan to use the additional capital to fund
acquisitions and for other general corporate purposes including
investment in plant and equipment."
The Senior Notes have not been registered under the Securities Act
of 1933, as amended, or under the securities law of any state and
may not be offered or sold in the United States or in any such state
absent an applicable exemption from registration under the
Securities Act and any such law.
Nortek, Inc. (NYSE:NTK) manufactures and markets residential,
commercial and industrial building products.
March 13, 1997
SECURITIES AND EXCHANGE COMMISSION
OFIS Filer Support, Mail Stop 0-7
SEC Operations Center
6432 General Green Way
Alexandria, VA 22312-2413
Ladies and Gentlemen:
Pursuant to Rules 101(a) and 309 of Regulation S-T submitted
for filing is a Current Report on Form 8-K of Nortek, Inc. (the
"Company") relating to the Company's offering of $175,000,000 Rule
144A 9 1/4% Senior Notes.
By copy of this letter, three paper copies of the above-
referenced Form 8-K Report are simultaneously being filed with the
New York Stock Exchange.
Very truly yours,
/s/ Marvin H. Taylor
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NORTEK, INC.
Associate General Counsel
cc: New York Stock Exchange
20 Broad Street
New York, NY 10005
(w/ three copies)
Enclosures
MHT:td
