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): July 1, 1996
MOBILEMEDIA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-26320 22-3253006
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
65 Challenger Road, Ridgefield Park, New Jersey 07660
(Address of principal executive offices)
(Zip Code)
(201) 440-8400
(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Changes in Control of Registrant.
Not Applicable
Item 2. Acquisition or Disposition of Assets.
Not Applicable
Item 3. Bankruptcy or Receivership.
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable
Item 5. Other Events.
On July 1, 1996, the Company issued the press release attached as
Exhibit A hereto.
Item 6. Resignations of Registrants Directors.
Not Applicable
Item 7. Financial Statements and Exhibits.
Not Applicable
Item 8. Change in Fiscal Year.
Not Applicable
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Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
MOBILEMEDIA CORPORATION,
a Delaware corporation
Date: July 1, 1996 By: /s/ KENNETH R. MCVAY
-----------------------------------
Kenneth R. McVay
Senior Vice President,
General Counsel
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EXHIBIT INDEX
Exhibit Page
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Exhibit A - Press Release dated July 1, 1996. 5
4
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FOR IMMEDIATE RELEASE
CONTACT:
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Santo J. Pittsman Lois F. Brown
Sr. Vice President & CFO Director, Investor Relations
(201) 393-4693 (201) 462-4959
Pager 1-800-225-0256 PIN 5966175
MOBILEMEDIA TO RAISE APPROXIMATELY $150 MILLION
THROUGH PRIVATE OFFERING OF DEBT SECURITIES
RATHER THAN CONVERTIBLE PREFERRED STOCK
RIDGEFIELD PARK, NJ, July 1, 1996........MobileMedia Corporation
(NASDAQ:MBLM) today announced that it intends to raise approximately
$150 million through a private offering of senior discount notes rather than
through its previously announced private offering of convertible preferred
stock.
"Due to current market conditions, we believe it is prudent to raise
additional capital through the issuance of debt rather than equity securities,"
stated Gregory Rorke, MobileMedia's Chief Executive Officer. "An equity
offering at this time would be unduly dilutive to our stockholders. When
market conditions become more favorable in the future, we would consider
issuing additional equity securities."
As previously announced, the Company will use the proceeds of the offering
to fund working capital requirements and for other general corporate purposes,
principally in connection with the integration of its recent acquisition of
MobileComm.
cont./......
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MOBILEMEDIA
July 1, 1996
Page 2
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Based in Ridgefield Park, New Jersey, MobileMedia Corporation is the
second largest provider of paging and personal communications services in the
United States, offering local, regional and nationwide coverage to approximately
4.3 million subscribers in all 50 states, Canada and the Caribbean. On January
4, 1996, MobileMedia completed the acquisition MobileComm and is now using the
MobileComm brand name for all of the Company's products and services. The
Company operates two one-way nationwide networks and owns two nationwide
narrowband PCS licenses for the next generation of wireless messaging services.
The proposed debt securities will not be registered under the Securities Act
of 1933 and may not be offered or sold in the United States without
registration or an applicable exemption from registration requirements.
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