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: February 13, 1998
CAROLINA FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
South Carolina 0-15083 57-0824914
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
102 South Main Street, Greenville, South Carolina 29601
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 255-7900
The Exhibit Index appears on page 4 hereof.
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ITEM 5. OTHER EVENTS
See attached Press Release.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF THE BUSINESSES ACQUIRED. Not Applicable
(b) PRO FORMA FINANCIAL INFORMATION. Not Applicable
(c) EXHIBITS.
99.1 Press Release
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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.
CAROLINA FIRST CORPORATION
February 13, 1998 By: /s/ William S. Hummers III
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William S. Hummers III
Executive Vice President
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EXHIBIT INDEX
EXHIBIT
99.1 Press Release
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EXHIBIT 99.1
NEWS RELEASE
DATE: February 13, 1998
CONTACT: William S. Hummers III
Mary M. Gentry
TO: News Media
RELEASE DATE: Immediate
CAROLINA FIRST ANNOUNCES COMPLETION OF OFFSHORE PLACEMENT
GREENVILLE, SC - Carolina First Corporation (Nasdaq/NM:CAFC) announced today
that it has completed the sale of 2,000,000 shares of its common stock, par
value $1.00 per share, to approximately 50 European and other overseas
institutional investors. These shares were sold at a price of $20.50 per share,
and Carolina First Corporation derived net proceeds therefrom of approximately
$39 million. Carolina First Corporation intends to use the proceeds to support
internal growth, acquisitions, the expansion of its finance subsidiary and for
general corporate purposes, while maintaining capital ratios comparable to those
of its peer group.
The shares were offered and sold only to non-U.S. persons under an exemption
from registration provided by Regulation S under the Securities Act of 1933. The
securities 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 the registration requirements.
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