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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) September 25, 1997
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The Maxim Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-13099 58-2060334
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
210 TownPark Drive, Kennesaw, Georgia 30144
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 590-9369
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Not applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
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On September 25, 1997, the registrant issued a press release
announcing its intention to make a private offering of $100.0 million of Senior
Subordinated Notes due 2007 to qualified institutional buyers and non-U.S.
persons. A copy of the press release is filed herewith as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(a) Financial Statements: None
(b) Pro Forma Financial Information: None
(c) Exhibits:
99 - Press Release of the Registrant, dated September 25, 1997.
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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.
THE MAXIM GROUP, INC.
By: /s/ A.J. Nassar
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A.J. Nassar
President and Chief Executive Officer
Dated: September 26, 1997
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EXHIBIT 99
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THE MAXIM GROUP, INC. ANNOUNCES PRIVATE OFFERING
For immediate release : September 25, 1997
Contact:
Thomas P. Leahey
Executive Vice President, Finance & Treasurer
The Maxim Group, Inc.
(770) 590-9369
Kennesaw, Georgia -- The Maxim Group, Inc. (NYSE:MXG) announced today that it
intends to make a private offering of $100.0 million of Senior Subordinated
Notes due 2007 to qualified institutional buyers and non-U.S. persons. Proceeds
from the offering will be used to repay all of the Company's outstanding bank
indebtedness and for general corporate purposes, including working capital to
fund the Company's retail expansion and for potential acquisitions.
The Senior Subordinated Notes to be issued by The Maxim Group have not been
registered under the Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent such registration or an applicable exemption
from the registration requirements.
The Maxim Group operates and franchises one of the largest retail floorcovering
distribution networks in North America through two retail floorcovering
concepts: CarpetMAX(R), a full-service floorcovering store format, and Georgia
Carpet Outlets ("GCO(R)"), a cash-and-carry discount floorcovering store
format. In addition, the Company, through its subsidiary, Image Industries,
Inc., is one of the largest manufacturers of polyester carpeting in the United
States.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of, the Senior Subordinated Notes
referenced above in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
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