UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 205439
FORM 8-K
CURRENT REPORT
Pursuant to Section 12 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 1998
Musicland Stores Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-11014 41-1623376
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10400 Yellow Circle Drive
Minnetonka, Minnesota 55343
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 931-8000
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Item 5. Other Events.
On March 18, 1998 the Registrant and its wholly owned subsidiary, The
Musicland Group, Inc. issued a notice of a certain proposed unregistered
offering of debt securities pursuant to Rule 135c. of the Securities Act of
1933. See attached Press Release (Exhibit 99).
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Press Release dated March 18, 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.
Date: March 18, 1998
MUSICLAND STORES CORPORATION
(Registrant)
By: /s/ Keith A. Benson
-----------------------
Keith A. Benson
Vice Chairman and Chief Financial Officer
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EXHIBIT INDEX
Page No. in Sequentially
Exhibit Description of Exhibit Numbered Copy
- ------- ---------------------- ------------------------
99 Press Release dated March 18, 1998 5
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CONTACT: Marcia Appel (Media)
(612) 931-8742
[email protected]
or
Brant Skogrand (Media)
(612) 931-8325
[email protected]
or
Jim Nermyr (Investors)
(612) 931-8007
[email protected]
MUSICLAND ANNOUNCES SENIOR SUBORDINATED DEBT OFFERING
MINNEAPOLIS, MINN., (March 18, 1998) -- Musicland Stores Corporation
(NYSE:MLG) today said that it intends to issue $150.0 million of 10-year senior
subordinated notes to replace a portion of existing senior debt. The company
said that the debt issue is subject to market conditions.
The securities will be offered pursuant to an exemption from
registration under the Securities Act of 1933. This communication shall not
constitute an offer to sell or the solicitation of an offer to buy the
securities.
Based in Minneapolis, Musicland Stores Corporation is a nationwide
U.S. specialty retailer of prerecorded home-entertainment products. As of
December 31, 1997, the company operated 1,363 retail stores in 49 states, the
United Kingdom, Puerto Rico and the Virgin Islands under the names Media Play,
On Cue, Suncoast Motion Picture Company and Sam Goody/Musicland.
(more)
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Musicland Stores Corporation/ page 2
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Forward-looking statements in this news release, if any, are made under the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Certain important factors could cause the company to not issue the above
mentioned securities, including the impact of changing economic or business
conditions, unfavorable interest rates and other risk factors discussed from
time to time in reports filed by the company with the Securities and Exchange
Commission.
To obtain a facsimile copy of Musicland Stores Corporation press releases,
at no cost to you, call 1-800-758-5804, extension 585763. You may access
Musicland's press release information on the Internet at http://www.prnewswire.
com/cnoc/cnoc.html.
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