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) August 8, 1997
HOLLYWOOD ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in its charter)
Oregon 0-21824 93-0981138
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation or
organization)
25600 SW Parkway Center Drive, Wilsonville, Oregon 97070
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(Address of principal executive offices) (Zip Code)
(503) 570-1600
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(Registrant's telephone number, including area code)
No Change
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(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. Other Events
On August 8, 1997 Hollywood Entertainment Corporation (the "Company")
announced that it had entered into an agreement to sell $200 million aggregate
principal amount of 10-5/8% senior subordinated notes. The Company's press
release is attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press release dated August 8, 1997.
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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.
Dated: August 8, 1997
HOLLYWOOD ENTERTAINMENT CORPORATION
By F. MARK WOLFINGER
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F. Mark Wolfinger, Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
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99.1 Press release dated August 8, 1997.
EXHIBIT 99.1
HOLLYWOOD ENTERTAINMENT CORPORATION TO SELL $200,000,000 OF 10-5/8%
SENIOR SUBORDINATED NOTES IN A RULE 144A OFFERING
PORTLAND, Ore., Aug. 8 /PRNewswire/ -- Hollywood Entertainment Corporation
(Nasdaq:HLYW) announced today that it has entered into an agreement to sell $200
million aggregate principal amount of 10-5/8% Senior Subordinated Notes due 2004
(the "Notes") in a private placement pursuant to Rule 144A under the Securities
Act of 1933, as amended (the "Securities Act"). The price to the initial
purchasers of the Notes will be 97% of the principal amount. The Company intends
to use the net proceeds from the sale of the Notes to repay the amount
outstanding under the Company's existing revolving credit facility ($130.0
million at June 30, 1997), to fund expansion and for working capital and other
general corporate purposes.
The Notes have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration thereunder or an
applicable exemption from the registration requirements thereof. This news
release shall not constitute an offer to sell or the solicitation of an offer to
buy the Notes.
Hollywood Entertainment Corporation owns and operates 661 video retail
superstores in 33 states as of June 30, 1997 and is the second largest Video
retailer in the United States, with revenue of $347.7 million for the twelve
months ended March 31, 1997.
