Filed pursuant to
Rule 424(b) and (c)
with respect to
Reg. No. 33-59013
THIRD PROSPECTUS SUPPLEMENT
dated February 16, 1996 to
PROSPECTUS dated October 11, 1995
of WALTER INDUSTRIES, INC.
Relating to 31,911,136
Shares of Common Stock
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 (Date of earliest event reported) January 22, 1996
----------------
Walter Industries Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-20537 13-3429953
(Name or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1500 North Dale Mabry Tampa, Florida 33607
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 813-871-4811
------------
(Former name or former address if changed since last report.)
<PAGE>
Item 5. Other Events
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On January 22, 1996, Walter Industries, Inc. (the "Company") completed a
$550 million bank financing led by NationsBank National Association (South).
Proceeds from the financing, together with a drawing of $75 million under the
Mid-State Trust V Variable Funding Loan Agreement, were used to redeem
$490 million of 12.19% Senior Notes Due 2000 and to replace an existing
$150 million bank credit facility, both issued in connection with the Company's
emergence from Chapter 11 reorganization in March 1995. The financing consists
of a $365 million revolving credit facility, a six-year $125 million term loan
and a $60 million seven-year term loan.
Item (C) Exhibits
--------
10) Credit Agreement, dated as of January 22, 1996
99) Press release, dated January 22, 1996
SIGNATURES
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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.
WALTER INDUSTRIES, INC.
---------------------------------------
(Registrant)
Date: February 16, 1996 /s/ W.H. Weldon
---------------------------------------
W.H. Weldon
Executive Vice President and
Chief Financial Officer
