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)
May 4, 1998
WESTFIELD AMERICA, INC.
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(Exact Name of registrant as specified in its charter)
Missouri 1-12923 43-0758627
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(State of Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
11601 Wilshire Boulevard, 12th Floor, Los Angeles, California 90025
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (310) 445-2427
No Change
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(Former name or former address, if changed since last report)
This Current Report consists of 4 pages.
The Exhibit Index is located at page 4.
Page 1 of 4 pages
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Item 5. Other Events.
Westfield America, Inc., a Missouri corporation (the "Company")
proposes to make an offering in Australia of approximately Aus. $465 million
principal amount of unsecured, subordinated notes, bearing interest at a rate to
be determined. The offering is expected to close in June and is subject to a
number of conditions precedent. The net proceeds of the offering are expected to
be used to fund, in part, the previously announced proposed acquisition by the
Company of interests in shopping centers from TrizecHahn Centers Inc. The notes
have not been, and will not be, registered under the Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements.
Item 7. Financial Statements and Exhibits.
The Company files the following exhibit as part of this Current
Report:
Exhibit 99. Copy of the Press Release, dated May 3, 1998, issued
by the Company, publicly announcing the activities
reported therein.
2
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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.
WESTFIELD AMERICA, INC.
Date: May 4, 1998 By: /s/ Irv Hepner
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Irv Hepner
Secretary
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INDEX TO EXHIBIT
Exhibit
Number Description of Exhibit
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Exhibit 99. Copy of the Press Release, dated May 3, 1998, issued by
the Company, publicly announcing the actions reported
therein.
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FOR IMMEDIATE RELEASE
MAY 3, 1998
FOR MORE INFORMATION,
PLEASE CONTACT:
RANDALL J. SMITH, (310) 445-6822
EMAIL: [email protected]
WEBSITE: www.westfieldamerica.com
Westfield America (NYSE:WEA)
To Issue $300 Million of Notes
Los Angeles, CA, May 3, 1998 -- Westfield America, Inc. (NYE:WEA) announced
today that it signed an underwriting agreement to issue approximately U.S.$300
million of unsecured subordinated notes to Australian investors, repayable in 3
equal installments due in June 2001, 2002 and 2003. The interest rate will be
fixed at the time of closing in June 1998, at approximately 225 basis points
over the Australian/U.S. dollar four year swap rate.
The proceeds of the notes will be utilized in the financing of the recently
announced purchase of up to 13 regional shopping centers from TrizecHahn. The
acquisition will be completed in stages, beginning August/September 1998 and
finishing by the end of the year.
The notes have not been, and will not be, registered under the Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
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