SEVEN UP RC BOTTLING COMPANY OF SOUTHERN CALIFORNIA INC
8-K, 1996-07-15
BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION


                            Washington, D.C.  20549



                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

                        Date of Report (date of earliest
                         event reported):  July 2, 1996


           SEVEN-UP/RC BOTTLING COMPANY OF SOUTHERN CALIFORNIA, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



       Delaware                    33-47718                   95-4284699
- --------------------        ------------------------      -------------------
  (State or other           (Commission File Number)        (IRS Employer
  jurisdiction of                                         Identification No.)
  incorporation)


3220 East 26th Street, Vernon, California                    90023
- --------------------------------------------------------------------------------
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, inc. area code:      (213) 268-7779
                                                    --------------
<PAGE>
 
Item 5.   Other Events.
- ------    ------------ 

          Seven-Up/RC Bottling Company of Southern California, Inc. (the
          "Company") announced on July 2, 1996 that it had consummated the sale
          of the stock of its Puerto Rico subsidiary, Seven-Up/RC Bottling
          Company of Puerto Rico, Inc., to an investor group led by Center
          Street Capital Partners, L.P. of Little Rock, Arkansas, and including
          certain members of the current management of Seven-Up/RC Puerto Rico,
          for approximately $74 million.

          A Press Release announcing the actions described above was issued by
          the Company on July 2, 1996 and is attached hereto as Exhibits 99.1.


Item 7.   Financial Statements and Exhibits.
- ------    --------------------------------- 

          (a)  Not applicable.

          (b)  Not applicable.

          (c)  Exhibits

               99.1 Press Release dated July 2, 1996, issued by the Company.
<PAGE>
 
                                   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.

                                        SEVEN-UP/RC BOTTLING COMPANY
                                        OF SOUTHERN CALIFORNIA, INC.


Dated:    July 15, 1996                 By:       /s/ David I. Brown
                                                  ------------------
                                                  David I. Brown
                                                  Treasurer

<PAGE>
 
                                                                    EXHIBIT 99.1


[LOGO] 7 UP
       RC     BOTTLING COMPANY
              of Southern California, Inc.
                                              3220 East 26th Street
                                              Los Angeles, California 90023-4298
                                              Telephone (213) 268-7779

SEVEN-UP/RC BOTTLING COMPANY OF SOUTHERN CALIFORNIA, INC. 
CONSUMMATES SALE OF PUERTO RICO SUBSIDIARY

Vernon, California. July 2, 1996 - - Seven-Up/RC Bottling Company of Southern
California, Inc. announced that it consummated the sale of the stock of its
Puerto Rico subsidiary, Seven-Up/RC Bottling Company of Puerto Rico, Inc., to an
investor group led by Center Street Capital Partners, L.P. of Little Rock,
Arkansas, and including certain members of the current management of Seven-Up/RC
Puerto Rico, for approximately $74 million. As previously announced, the net
proceeds from the sale of the Puerto Rico subsidiary that are expected to be
distributed pursuant to the Company's First Amended Plan of Reorganization to
holders of the Company's 11.5% Senior Secured Notes due 1999 ($140 million
principal amount) is $55 million. The bankruptcy court has scheduled a
confirmation hearing on the Company's First Amended Plan of Reorganization for
August 2, 1996.

Seven-Up/RC Bottling Company of Southern California, Inc. is one of the largest
independent manufacturers and distributors of beverage products in the United
States, with annual sales (exclusive of its Puerto Rico subsidiary) of $314
million in the fiscal year ending December 31, 1995.

Inquiries should be directed to Edward Whiting of Whitman Heffernan Rhein & Co.,
financial advisor to Seven-Up/RC Bottling Company of Southern California, Inc.
(213-267-6233).


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