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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) May 27, 1999
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UST Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-17506 06-1193986
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
100 West Putnam Avenue, Greenwich, Connecticut 06830
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 661-1100
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ITEM 5. OTHER EVENTS.
On May 27, 1999, Registrant issued a press release announcing the
consummation of a private offering to qualified institutional buyers of
$200 million of 7.25% Senior Notes due June 1, 2009 and $40 million of
Floating Rate Senior Notes due June 1, 2009. A copy of the press
release is filed herewith as Exhibit 99.
The securities sold have not been registered under the Securities Act
of 1933, as amended (the "Act") and may not be offered or sold within
the United States absent registration or an applicable exemption from
the registration requirements under the Act.
ITEM 7. EXHIBITS.
(c) Exhibits
99. Registrant's press release issued on May 27, 1999.
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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.
UST Inc.
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(Registrant)
Date: June 4, 1999 By: /s/ Debra A. Baker
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Name: Debra A. Baker
Title: Senior Vice President
and Secretary
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(203) 661-1100
NEWS FROM UST 100 WEST PUTNAM AVENUE
GREENWICH, CONNECTICUT 06830
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT: Jonathan P. Atwood
(203) 622-3549
GREENWICH, CONN., May 27, 1999 - UST Inc. announces that it completed its first
debt offering in the amount of $240 million through the issuance of senior
10-year notes. The securities were sold to qualified institutional buyers and
investors. The net proceeds from the sale of the notes will be used to repay
existing debt and for general corporate purposes, including the Company's stock
repurchase program and dividend payments.
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UST, THROUGH ITS SUBSIDIARIES, IS A LEADING PRODUCER AND MARKETER OF MOIST
SMOKELESS TOBACCO PRODUCTS INCLUDING COPENHAGEN, COPENHAGEN LONG CUT, SKOAL,
SKOAL LONG CUT, SKOAL BANDITS, ROOSTER AND RED SEAL. OTHER CONSUMER PRODUCTS
MARKETED BY UST SUBSIDIARIES INCLUDE PREMIUM WINES SOLD NATIONALLY THROUGH THE
CHATEAU STE. MICHELLE, COLUMBIA CREST AND VILLA MT. EDEN WINERIES AS WELL AS
SPARKLING WINE PRODUCED UNDER THE DOMAINE STE. MICHELLE LABEL AND PREMIUM CIGARS
INCLUDING DON TOMAS, DON TOMAS SPECIAL EDITION, ASTRAL AND HABANO PRIMERO.
