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UNITED STATES
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 1, 1999
FRUIT OF THE LOOM, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-8941 36-3361804
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(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.
5000 SEARS TOWER, 233 SOUTH WACKER DRIVE, CHICAGO, ILLINOIS 60606
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (312) 876-1724
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ITEM 5. OTHER EVENTS.
On March 1, 1999, the Registrant issued the press release, announcing
its intension to raise approximately $250 million through an offering of senior
notes to be placed privately with institutional investors, attached hereto as
Exhibit 99.1. The information contained in this press release is incorporated
herein by reference.
On March 18, 1999, the Registrant issued the press release, announcing
its agreement to sell $250 million of its 8 7/8% Senior Notes due April 15,
2006,attached hereto as Exhibit 99.2. The information contained in this press
release is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press Release dated March 1, 1999
99.2 Press Release dated March 18, 1999
2
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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.
FRUIT OF THE LOOM, INC.
Dated: March 24, 1999 By: /s/ Brian Hanigan
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Brian Hanigan
Vice President and Treasurer
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EXHIBIT 99.1
FRUIT of the Loom, Inc.
Announces $250 Million Senior Note Offering
CHICAGO, March 1, 1999 Fruit of the Loom (the "Company"), one of the world's
leading marketers and manufacturers of basic family apparel, announced today
that it intends, subject to market and other conditions, to raise approximately
$250 million through an offering of senior notes to be placed privately with
institutional investors. The Company stated that it intends to use the net
proceeds of the offering to refinance outstanding indebtedness.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities. Any offers of the securities will be made only by
means of a private offering memorandum. The securities to be offered will not be
registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold in the United States absent
registration under the Securities Act and applicable state securities laws or
available exemptions from such registration requirements.
Fruit of the Loom, Inc. is a marketing oriented, international basic apparel
company, emphasizing branded products for consumers ranging from infants to
senior citizens. The Company manufactures and markets men's and boys' underwear,
women's and girls' underwear, printable activewear, outerwear, casualwear,
sportswear and childrenswear. Fruit of the Loom employs 20,000 people in over 60
locations worldwide. Brand names include FRUIT OF THE LOOM(R), BVD(R),
GITANO(R), BEST(TM), CUMBERLAND BAY(TM) and SCREEN STARS(R). Licensed brands
include MUNSINGWEAR(R), and WILSON(R). Licensed apparel bearing the logos or
insignia of the major sports leagues and their teams and certain popular players
in the leagues, and the logos of most major colleges or universities, are
marketed under the PRO PLAYER(R) and FANS GEAR(R) brands.
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EXHIBIT 99.2
FRUIT of the Loom, Inc.
Prices $250 Million Senior Notes Offering
CHICAGO, March 18,1999 Fruit of the Loom today announced that it has entered
into an agreement to sell $250 million of its 8 7/8% Senior Notes due April 15,
2006 in a private offering. The offering is expected to close on March 25, 1999.
The Company intends to use the net proceeds of the offering initially to repay
outstanding borrowings under its credit agreement. The availability under the
Company's credit agreement created through this repayment of outstanding
borrowings is expected to be used to satisfy the Company's repurchase
obligations with respect to its outstanding 7-7/8% Senior Notes due 1999 or to
repay the 7-7/8% Senior Notes at maturity.
The offered securities have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or any state securities laws, and
unless so registered, may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security.
