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UNITED STATES
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 of earliest event reported) November 13, 1998
Commission file number 1-11802
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WORLD COLOR PRESS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 37-1167902
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
340 PEMBERWICK ROAD, GREENWICH, CONNECTICUT 06831
(Address of principal executive offices) (Zip Code)
203-532-4200
(Registrant's telephone number, including area code)
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Item 5. OTHER EVENTS
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On November 13, 1998, the Company disseminated the press release
attached as Exhibit 99 hereto, which Exhibit 99 is hereby incorporated by
reference as the Company's response to this Item 5.
Item 7. EXHIBITS
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99.1 Text of Press Release dated November 13, 1998.
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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.
WORLD COLOR PRESS, INC.
(Registrant)
Date: November 18, 1998 By: /s/ Jennifer L. Adams
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Jennifer L. Adams
Executive Vice President, Chief Legal and
Administrative Officer, Secretary
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EXHIBIT INDEX
99.1 Text of Press Release dated November 13, 1998.
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EXHIBIT 99.1
WORLD COLOR SELLS $300 MILLION OF SENIOR SUBORDINATED NOTES
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GREENWICH, CT (November 13, 1998) - World Color Press, Inc. (NYSE:WRC)
announced today that it has made an offering pursuant to Rule 144A under the
Securities Act of 1933 of $300 million aggregate principle amount of 8-3/8 %
senior subordinated notes due 2008.
The Company intends to use a portion of the net proceeds from the sale of the
senior subordinated notes to redeem all of its outstanding 9-1/8% Senior
Subordinated Notes due 2003 in an aggregate principal amount of $150 million.
World Color intends to use the remainder of the proceeds to repay borrowings
under its outstanding revolving credit facilities.
World Color, headquartered in Greenwich, Connecticut, is a leader in the
management and distribution of print and digital information. The Company
specializes in the production and distribution of data for customers in the
commercial, magazine, catalog, book, direct mail and directory markets. Founded
in 1903, World Color employs approximately 15,600 employees and operates 48
facilities with a network of sales offices nationwide.
The offering of the senior subordinated notes has not been registered under the
Securities Act and may not be offered or sold in the United States absent
registration under the Securities Act or an exemption from the registration
requirements of the Securities Act.
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