SECURITIES AND EXCHANGE
COMMISSION WASHINGTON, DC 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) : July 17, 1997
DELTA WOODSIDE INDUSTRIES, INC.
(Exact name of registrant as specified in its Charter)
South Carolina 0-10095 57-0535180
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
233 North Main Street
Hammond square, Suite 200
Greenville, SC 29601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864)
232-8301
(Former name or former address, if changed since last report)
July 17, 1997 Bettis C.Rainsford
Greenville, South Carolina (803 6375304
Delta Woodside Industries, Inc.
(NYSE-DLW) today announced that its wholly-owned
subsidiary, Delta Mills,Inc., which conducts the Company's
textile segment business, intends to raise approximately
$150 million pursuant to a private placement of senior
notes, subject to market and other conditions. The net
proceeds of this private placement, together with proceeds
from an anticipated $100 million Delta Mills, Inc. bank
credit facility, will be used to pay indebtedness
outstanding under Delta Woodside's existing bank credit
facility. The securities to be offered in the private
placement 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 applicable exemptions from registration
requirements.
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.
DELTA WOODSIDE INDUSTRIES, INC.
(Registrant)
By: /s/ E. Erwin Maddrey,II
Name: E. Erwin Maddrey, II
Title: President and Chief
Executive officer
Date: July 17, 1997
