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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): June 6, 1997
GAYLORD CONTAINER CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 36-3472452
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(State or other jurisdiction (IRS Employer Identification
of incorporation) Number)
1-9915
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(Commission File Number)
500 Lake Cook Road, Suite 400, Deerfield, Illinois 60015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 405-5500
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Item 5. Other Events.
The Press Release issued by Gaylord Container Corporation on June 6,
1997 and attached hereto as Exhibit 99.1 is hereby incorporated by reference.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
99.1 Press Release dated June 6, 1997, issued by Gaylord
Container Corporation.
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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 thereunto duly authorized.
GAYLORD CONTAINER CORPORATION
Dated: June 19, 1997 By: /s/ Daniel P. Casey
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Daniel P. Casey
Executive Vice President
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INDEX TO EXHIBITS
Sequentially
Exhibit Numbered
Number Page
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99.1 Press Release dated June 6, 1997, issued by
Gaylord Container Corporation. 5
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EXHIBIT 99.1
Release: IMMEDIATE
Contact: Daniel P. Casey
Phone: 847-405-5612
GAYLORD TO ISSUE TEN-YEAR SENIOR NOTES
DEERFIELD, Ill., June 6, 1997 -- Gaylord Container Corporation (AMEX: GCR)
announced today that it has entered into an agreement to issue and sell $225
million aggregate principal amount of a new issue of 9 3/4% Senior Notes due
2007. Gaylord anticipates that this sale of senior notes will be completed on
June 12, 1997. The notes 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 registration requirements. The notes are being
sold to initial purchasers for resale pursuant to Rule 144A under the Securities
Act of 1933.
Gaylord intends to use the net proceeds of the sale to redeem all of its
outstanding 11 1/2% Senior Notes (aggregate principal amount outstanding of
$179.7 million) and to reduce borrowings under its revolving credit facilities.
The company expects that it will consummate the redemption on or about July 15,
1997.
Gaylord Container Corporation is a major national manufacturer and
distributor of corrugated containers and sheets, containerboard, unbleached
kraft paper and multiwall bags.
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