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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 18, 2000
PLAYTEX PRODUCTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-12620 51-0312772
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
300 Nyala Farms Road, Westport, Connecticut 06880
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(Address of principal executive offices)
Registrant's telephone number, including area code (203) 341-4000
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On May 1, 2000, we announced our intent to commence an exchange offer
with the holders of our common stock. Shareholders would be offered the
opportunity to exchange up to 10,000,000 shares for a cash payment of $3.00 per
share and an equal number of newly created shares of Class B common stock. The
Class B shares would be callable by the Company, at any time through the end of
2001, in whole or in part, for an additional $15.00 per share. On May 18, 2000,
after evaluation of the Federal Reserves recent announcement on interest rates
and the increased volatility of the interest rate environment and its potential
impact going forward, we felt it was not in the best interests of our
shareholders to increase our debt levels. As a result, we have announced that we
will not proceed with the planned exchange offer.
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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.
PLAYTEX PRODUCTS, INC.
DATE: May 24, 2000 By: /S/ GLENN A. FORBES
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Glenn A. Forbes
EXECUTIVE VICE PRESIDENT AND
CHIEF FINANCIAL OFFICER
(PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)
