UNITED STATES 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): JANUARY 4, 2001
ADVANTICA RESTAURANT GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-18051 13-3487402
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
203 EAST MAIN STREET, SPARTANBURG, SC 29319-9966
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 597-8000
Former name or former address, if changed since last report:
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ITEM 5. OTHER EVENTS.
Advantica Restaurant Group, Inc. today reported that on January 8, 2001 it paid
$70,000,000 to the lenders under the FRD Acquisition Co. credit facility in full
and complete satisfaction of Advantica's guarantee of such facility. The $70
million represents the total obligations outstanding under the FRD credit
facility. As a result of its satisfaction of obligations under its guarantee,
Advantica has been subrogated to the rights and collateral of the lenders under
the FRD facility. In addition, immediately upon satisfaction of the guarantee,
Advantica designated FRD Acquisition Co. an "unrestricted subsidiary" pursuant
to the indenture for the Advantica Senior Notes. Also, FRD's compliance with
certain financial covenants for the quarter ending September 27, 2000 (which
were previously waived until January 8, 2001) were waived.
Additionally, on January 4, 2001, the Registrant announced, as described in the
press release attached to this current report as Exhibit 99.1, that its board of
directors has named Nelson J. Marchioli as president and chief executive officer
of Advantica and its core brand, Denny's, effective February 2001.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
Listed below are all Exhibits filed as a part of this current report.
Exhibit Number Description
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99.1 Press Release of Advantica Restaurant Group, Inc.
dated January 4, 2001.
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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.
Advantica Restaurant Group, Inc.
By: /s/ Rhonda J. Parish
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Name: Rhonda J. Parish
Title: Executive Vice President,
General Counsel and Secretary
Date: January 9, 2001
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